Latest Eqt Infrastructure News

Cleanaway has reaffirmed FY27 underlying EBIT guidance of $500 million to $530 million as its proposed EQT Infrastructure takeover moves into the approval process. The AGM also disclosed a second strike against the remuneration report, alongside sharply reduced executive incentive outcomes and continued scrutiny of safety and cash conversion.

Cleanaway has signed a binding scheme implementation deed for EQT Infrastructure to acquire the waste services group for approximately $9.3 billion. Shareholders are being offered $3.095 cash per share, subject to approvals and any dividends paid before completion.

EQT Infrastructure has reaffirmed its commitment to acquire Cleanaway on the existing proposal terms, while due diligence and implementation deed negotiations continue. The exclusivity period now runs until 7am on 19 October, but no binding transaction has been agreed.

EQT Infrastructure has reaffirmed its intention to pursue a takeover of Cleanaway at no less than its indicative offer price, clearing another hurdle in the non-binding process. The parties are now working towards an implementation deed, but a binding transaction remains uncertain.

EQT Infrastructure says its due diligence has not uncovered an issue likely to derail its proposed acquisition of Cleanaway, and it will not reduce the indicative offer terms. But the exclusivity period has ended without a binding implementation deed, leaving the transaction unfinished.

Cleanaway Waste Management reported a 13.5% revenue increase and 14.2% underlying EBIT growth in FY26 despite a statutory profit drop, advancing its Blueprint 2030 2.0 strategy and facing a $9.4 billion takeover bid.

Cleanaway has received a $3.13 per share non-binding acquisition proposal from EQT Infrastructure, representing a 32% premium. The board has granted exclusive due diligence and signalled its intention to recommend the deal, subject to conditions and no superior offer emerging.