Cleanaway to acquire the Australian recycling and recovery business from SUEZ for $1.93bn.

Cleanaway, an Australian waste management company, agreed to acquire the Australian recycling and recovery business from SUEZ, a French multinational electric utility company, for $1.93bn. Until April 21, 2021, it is possible for any third party to submit a superior offer on the recycling and recovery business in Australia. “Suez’s Australian recycling and recovery business has a high-quality network of assets across Australia that will accelerate the implementation of our Footprint 2025 strategy. The acquisition will deliver superior scale and increased operating leverage. We look forward to more than 2k of Suez’s Australian employees joining the Cleanaway team in due course,” Mark Chellew, Cleanaway Executive Chairman.