Cleanaway stock gains as lenders line up for EQT financing

Published on 10/08/2026 at 03:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cleanaway stock was trading at AUD 2.78 on October 8 as lenders lined up behind EQT's proposed AUD 9.4 billion takeover. Fiscal 2027 EBIT guidance is AUD 500 million to AUD 530 million.

Cleanaway, AU000000CWY3, Illustration mit AI erstellt.

Cleanaway stock (ISIN AU000000CWY3) was trading at AUD 2.78 on the ASX on October 8, 2026, up 1.46 percent from the prior close. The latest takeover development is financing, with lenders lining up behind EQT Infrastructure's proposed AUD 9.4 billion acquisition of the Australian waste group.

Lenders support the takeover path

As AFR reported on October 7, 2026, 15 lenders were seeking approval to underwrite an EQT debt package exceeding AUD 5.5 billion. The package would support EQT's proposed AUD 9.4 billion takeover and marks a financing step in a process that still requires a binding transaction deed and regulatory approvals.

The proposed cash consideration is AUD 3.13 per Cleanaway share. At the current ASX price of AUD 2.78, the offer stands AUD 0.35 above the market quotation, leaving a 12.6 percent spread before any adjustment for the dividend.

EBIT guidance moves higher

Cleanaway reported fiscal 2026 underlying EBIT of AUD 470 million, up 14 percent from the prior year, according to IBTimes Australia on October 7, 2026. The company guided to underlying EBIT of AUD 500 million to AUD 530 million for fiscal 2027, implying a range from 6.4 percent to 12.8 percent above the fiscal 2026 result.

The operating figures give the takeover discussion a second reference point. The lower end of fiscal 2027 guidance is already above the latest reported EBIT, while the upper end would add AUD 60 million if achieved, placing execution alongside deal completion as a central valuation issue.

Stock remains below the offer

Cleanaway's market capitalization was AUD 6.2 billion on October 8, 2026, while the 52-week range was AUD 2.14 to AUD 2.96. Trading volume had reached 32,032,590 shares, putting the current price AUD 0.18 below the yearly high.

Cleanaway's 2026 annual general meeting is scheduled for October 22, 2026, according to Finscry. For investors, the key comparison is now between the AUD 3.13 proposed consideration, the AUD 2.78 market price and the AUD 500 million to AUD 530 million fiscal 2027 EBIT outlook.

Cleanaway stock price and market value

Cleanaway stock was last at AUD 2.78 on the ASX on October 8, 2026, at 12:05 p.m. AEDT, with a daily gain of 1.46 percent. The share price, takeover spread and fiscal 2027 guidance remain the clearest measurable markers for the next stage of the transaction.