Cleanaway asset sale not opposed by the ACCC
It follows an agreement for the sale reached by SUEZ Environnement S.A. and Cleanaway in April that prompted extensive consultation and inquiry on the proposal by the ACCC to ensure no adverse market impacts.
The Kemps Creek and Lucas Heights landfills plus five transfer stations at Auburn, Artarmon, Belrose, Rockdale and Ryde will now be sold by SUEZ to Cleanaway.
Completion of the Sydney assets acquisition is subject to other conditions precedent, including a change of control of Suez S.A. Cleanaway expects the acquisition to complete later in December or in January 2022.
Separately, the proposed acquisition of SUEZ’s Australian recycling and recovery operation by Veolia Environnement S.A. remains subject to ACCC approval. Although the two transactions are related, the Cleanaway asset sale is now finalised and will not be impacted by the ACCC’s decision on the Veolia acquisition.