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    CWY   AU000000CWY3

CLEANAWAY WASTE MANAGEMENT LIMITED

(CWY)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-08-16 am EDT
2.730 AUD    0.00%
08/08Cleanaway Reportedly May Be on Macquarie's To-Buy List
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08/02Cleanaway Waste Management Limited Announces Appointment of Jackie Mcarthur as Non Executive Director
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07/26CLEANAWAY WASTE MANAGEMENT : Application for quotation of securities - CWY
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Cleanaway Waste Management Limited agreed to acquire Putrescibe and Inert landfills and Five Transfer Stations in Sydney from SUEZ Groupe S.A.S. for approximately AUD 500 million.

04/27/2021 EDT

Cleanaway Waste Management Limited (ASX:CWY) agreed to acquire Putrescibe and Inert landfills and Five Transfer Stations in Sydney from SUEZ Groupe S.A.S. for approximately AUD 500 million on April 27, 2021. As of April 27, 2021, the agreement to acquire all of Suez’s Australian recycling and recovery business was formally terminated and Cleanaway has exercised its right to proceed with the binding Sydney Assets Acquisition agreement. Cleanaway has secured new debt facilities that will enable the Sydney Assets Acquisition to be fully debt funded, if the Board determines this is appropriate. In the year ended December 31, 2020, Putrescibe and Inert landfills and Five Transfer Stations in Sydney generated net revenue of AUD 193.1 million and normalised EBITDA of AUD 72.9 million. The transaction is subject to a change of control of Suez S.A. occurring and various customary conditions including ACCC approval, no material adverse change and transfer of certain customer contracts. As of September 6, 2021, ACCC has not made its decision and will announce a revised proposed decision date in due course. The transaction is expected to be completed during second quarter of 2022. The transaction is now expected to be completed by January. The transaction is expected to deliver attractive financial returns including pro forma EPSA accretion to Financial Year 2020. As of December 01, 2021, The ACCC’s decision date has been deferred from December 2, 2021 to December 9, 2021. Cleanaway remains confident that the Sydney Assets Acquisition will receive ACCC approval on December 9, 2021. As of December 8, 2021, the transaction is approved by ACCC.


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All news about CLEANAWAY WASTE MANAGEMENT LIMITED
08/08Cleanaway Reportedly May Be on Macquarie's To-Buy List
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08/02Cleanaway Waste Management Limited Announces Appointment of Jackie Mcarthur as Non Exec..
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07/26CLEANAWAY WASTE MANAGEMENT : Application for quotation of securities - CWY
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Financials
Sales 2022 2 765 M 1 946 M 1 946 M
Net income 2022 111 M 78,1 M 78,1 M
Net Debt 2022 1 596 M 1 123 M 1 123 M
P/E ratio 2022 54,6x
Yield 2022 1,68%
Capitalization 5 631 M 3 949 M 3 963 M
EV / Sales 2022 2,61x
EV / Sales 2023 2,37x
Nbr of Employees 6 000
Free-Float 99,5%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 2,73 AUD
Average target price 2,98 AUD
Spread / Average Target 9,05%
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Managers and Directors
Mark Schubert Chief Executive Officer, MD & Director
Paul Andrew Binfield Chief Financial Officer
Mark Peter Chellew Non-Executive Chairman
Raymond Maxwell Smith Independent Non-Executive Director
Terry Andrew Sinclair Independent Non-Executive Director
Sector and Competitors