EQT agrees to acquire Cleanaway stock for A$9.3 billion

Published on 10/27/2026 at 19:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EQT's A$3.095 cash offer sets the deal value for shareholders. Cleanaway stock costs EUR 1.85 on October 27, 2026 at 7:13 p.m. CET after hours.

EQT deal and earnings facts

EQT agreed on October 19, 2026 to acquire Cleanaway for A$3.095 per share.
Fiscal 2026 net revenue rose 13.1 percent to A$3.74 billion.
Cleanaway stock cost EUR 1.85 at Lang & Schwarz on October 27, 2026 at 7:13 p.m. CET.
Fiscal 2026 statutory net profit fell 37.2 percent to A$98.5 million.

Cleanaway, AU000000CWY3, Illustration mit AI erstellt.

Cleanaway stock (AU000000CWY3) is tied to EQT's proposed A$9.3 billion acquisition, with the bidder offering A$3.095 in cash per share. Business News Today reported the binding scheme on October 19, 2026, while the board recommended the transaction subject to the stated conditions. Cleanaway stock cost EUR 1.85 at Lang & Schwarz on October 27, 2026 at 7:13 p.m. CET after the Xetra close.

EQT offer sets a defined cash exit

The proposed consideration is reduced by any dividends or distributions declared or paid before implementation. The transaction is expected to complete by the end of March 2027, although shareholder, court and regulatory approvals remain part of the scheme process, according to Credence Research on October 19, 2026.

The offer gives investors a concrete value against the company's standalone operating plan. It also leaves the final economic outcome dependent on the timing and size of any further distribution, because the cash consideration would be adjusted accordingly.

FY26 growth met weaker statutory profit

Cleanaway's fiscal 2026 net revenue rose 13.1 percent to A$3.74 billion, while underlying earnings before interest and tax increased 14.2 percent to A$470.2 million. Statutory net profit moved in the opposite direction, falling 37.2 percent to A$98.5 million after significant and non-recurring items, according to Business News Today.

Free cash flow rose 63.7 percent to A$213.8 million in fiscal 2026, compared with A$130.6 million in fiscal 2025. That contrast matters for the valuation: operating earnings and cash generation improved, while reported profit was reduced by special items.

Price and valuation remain the frame

The finance quote for Cleanaway's ASX listing showed a market capitalization of AUD 6.7 billion, a 52-week range of AUD 2.14 to AUD 3.01 and volume of 16,659,478 shares on October 27, 2026. The latest ASX price was AUD 3.00, with the stock near the top of that annual range.

The proposed enterprise value of A$9.3 billion compares with fiscal 2026 underlying EBIT of A$470.2 million, an implied multiple of about 20 times. The deal therefore places greater weight on the durability of Cleanaway's infrastructure network and future cash generation than on statutory profit alone.

What comes next for shareholders?

Cleanaway expects a scheme meeting before the end of February 2027 and has targeted implementation by the end of March 2027, subject to the required approvals. The proposed cash exit remains the central valuation reference while those milestones are pending.

Cleanaway stock after the Xetra close

Cleanaway stock was trading at EUR 1.85 at Lang & Schwarz on October 27, 2026 at 7:13 p.m. CET in after-hours trading. The further course of trading is shown by the continuously updated real-time quote of Cleanaway stock.