Business
Suez trash is Cleanaway treasure; Veolia threatens to scupper deal – The Australian Financial Review
The champagne is still on ice at ASX-listed Cleanaway Waste Management.
Veolia has been chasing Suez since October when it acquired a 29.9 per cent stake in the company from owner Engie. There have been multiple rounds of takeover talks since and it is at the stage where things are getting hostile.
Only this week, Suez rejected an 18 a share bid that valued the group at 11.3 billion ($17.5 billion) as not acceptable.
And in the background, it is trying to stitch up the Australian spin-off deal with Cleanaway that would only make its suitor more mad.
Veolia has already…
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