Cleanaway Waste Management Limited (ASX:CWY) agreed to acquire Waste and Recycling Business and Assets of Citywide from Citywide Service Solutions Pty Ltd for AUD 110 million on June 24, 2024. The transaction will be fully debt funded and Cleanaway remains committed to maintaining a strong group credit profile. The acquisition is subject to a range of conditions precedent including ACCC regulatory approval.

For the period ending February 2024, Waste and Recycling Business and Assets of Citywide reported EBIT of AUD 6.4 million and EBITDA of AUD 10.7 million.