Business
Cleanaway in talks to buy Suez’s Australian business – The Australian Financial Review
Rubbish collector Cleanaway Waste Management is in talks about a potential $2 billion-plus acquisition.
Cleanaway reported $2.37 billion revenue and $506 million EBITDA last financial year.
Cleanaway chairman Mark Chellew has stepped into an executive role as CEO Vik Bansal departs. Louie Douvis
Cleanaway would be expected to target a large amount of synergies from such a deal, while it would also be likely to attract scrutiny from Australias competition regulator. Cleanaway has an estimated 22.7 per cent of Austrailas waste treatment and disposal services market, while Suezs local arm is the next…
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