EQT AB's subsidiary reached an agreement to acquire Australia's Cleanaway Waste Management Ltd., which valued the company at around $9.3 billion. After experiencing a period of low stock prices, Cleanaway became another Australian company transferred to private equity. According to exchange documents submitted on Monday, Sedum Group Pty Ltd, a subsidiary of EQT, will acquire all of Cleanaway's shares at a cash price of 3.095 Australian dollars per share. The amount is subject to deducting cash corresponding to subsequent dividends. The waste management company's board of directors also plans to pay a fully tax-deductible special dividend to shareholders, with a dividend range of $0.145 to $0.190 per share before the deal is settled.

EQT AB's subsidiary reached an agreement to acquire Australia's Cleanaway Waste Management Ltd., which valued the company at around $9.3 billion. After experiencing a period of low stock prices, Cleanaway became another Australian company transferred to private equity. According to exchange documents submitted on Monday, Sedum Group Pty Ltd, a subsidiary of EQT, will acquire all of Cleanaway's shares at a cash price of 3.095 Australian dollars per share. The amount is subject to deducting cash corresponding to subsequent dividends. The waste management company's board of directors also plans to pay a fully tax-deductible special dividend to shareholders, with a dividend range of $0.145 to $0.190 per share before the deal is settled.