CLEANAWAY EYES SUEZ

WASTE management company Cleanaway has lodged an expression of interest for its multinational competitor Suez’s Australian waste management assets — but says no deal is imminent.

In a statement released to the ASX on Thursday afternoon, Cleanaway said it had expressed its interest in the French giant’s Australian arm.

Suez has reportedly asked the Royal Bank of Canada to help offload its local assets, which could be worth as much as $1bn. With a market cap of $4.54bn, Cleanaway is Australia’s largest waste management company, booking $2.37bn of revenue, more than $500m in earnings and a net profit after tax of $152.9m at the end of last financial year.

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