Business
Cleanaway pursues Suez Australia in $2b-plus deal – The Australian Financial Review
Australia’s biggest waste management group wants to get bigger, but the ACCC will have a say in the latest deal in a potential shake-up of the industry.
The ACCC began a review earlier this year into the local implications of the global $US14 billion ($18.1 billion) takeover bid by Veolia for rival Suez, which was first proposed last year.
CCZ Equities analyst Raju Ahmed said on Thursday the headline national market share for a combined Cleanaway and Suez Australia footprint would likely be greater than 50 per cent, implying competition concerns. But a national market share approach to assessing competition issues could be misleading as the Australian…
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