Update in relation to EQT Infrastructure proposal

Key points

• EQT Infrastructure confirms commitment to the proposed transaction
• No adverse findings from EQT's due diligence review
• Cleanaway shareholders advised to take no action currently

Full summary

Cleanaway Waste Management Limited (ASX: CWY) has provided an update on the proposed acquisition by EQT Infrastructure. EQT confirmed it found no issues in its due diligence review that would prevent proceeding with the transaction. EQT also intends to maintain the terms of its initial proposal and commit to the agreed consideration. The exclusivity period has concluded, and both parties are working towards finalizing an implementation deed. Cleanaway shareholders are currently advised to take no action.

Outlook

EQT Infrastructure continues to progress its due diligence and is working towards finalizing an implementation deed with Cleanaway Waste Management Ltd.