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Cleanaway Waste Management Enters $9.3bn Scheme with EQT Infrastructure
The board says the offer delivers a 34.5% premium and up to $0.19 a share in special dividends, pending approvals and expert sign-off.
- On Friday, October 16, 2026, Cleanaway Waste Management announced it entered a Scheme Implementation Deed to be acquired by EQT Infrastructure for $3.095 cash per share, valuing the company at approximately $9.3 billion.
- EQT Infrastructure partners Ken Wong, Tobias Kung, and managing director Sam Franklin secured a $5.6 billion debt package, the largest financing on Australian shores in years, eclipsing Macquarie Asset Management's $4.95 billion Qube loan.
- Cleanaway Chair Samantha Hogg announced the Board unanimously recommends the scheme, which may include a fully franked special dividend of up to $0.19 per share pending regulatory approvals from the ACCC and FIRB.
- While the Board supports the deal, Cbus and Schroders have privately raised concerns; shareholders will vote at a meeting expected before the end of February 2027, with completion targeted by late March 2027.
- Cleanaway shares have declined 11% over the past 12 months, trailing the S&P/ASX 200 Index, positioning EQT Infrastructure to take the company private pending court approval and the absence of superior proposals.
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14 Articles
Cleanaway Shares Jump 21% After $6.5 Billion EQT Takeover Deal
·New York, United States
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EQT Infrastructure VI Reaches Agreement to Acquire Cleanaway in Transaction Valued at Approximately A$9.3 Billion
Proposed A$3.095-per-share cash scheme has unanimous conditional board backing and is expected to complete by March 2027, subject to approvals IN BRIEFKEY TAKEAWAYSFAQs EQT Infrastructure VI has agreed to acquire all shares in Australia’s Cleanaway Waste Management through a proposed … Read the full press release →
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Total News Sources14
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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