Cleanaway advances EQT proposal with completed exclusivity
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- EQT Infrastructure completed its due diligence review with no changes to the proposed terms for Cleanaway Waste Management.
- The indicative offer price remains at least $3.13 per share as exclusive negotiation periods end.
- Both companies continue working towards executing a binding implementation deed for the potential transaction.
Cleanaway Waste Management (ASX:CWY) confirmed that private equity firm EQT Infrastructure completed its initial due diligence review without modifying its indicative takeover terms.
The updated confirmation follows the conclusion of the 20-business-day hard exclusivity period agreed upon in August 2026.
The firm stated that EQT intends to proceed at an offer price no less than the indicative $3.13 per share.
Following the announcement the Cleanaway Waste Management share price was unchanged at $2.57.
The board noted there is no certainty that ongoing negotiations will result in a binding implementation deed.
The business previously reported gross revenue of $4.37 billion alongside underlying EBIT of $470.2 million for fiscal 2026.
