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Cleanaway-Citywide waste services deal sparks Australian competition probe

( August 12, 2024, 02:32 GMT | Official Statement) -- MLex Summary: Publicly listed Australian waste services giant Cleanaway Waste Management is facing regulatory headwinds in its attempt to acquire Melbourne-based rival Citywide Waste, after the competition watchdog announced a probe of the transaction. In a market inquiries letter published today, the Australian Competition & Consumer Commission said it would examine whether the deal would reduce options for waste disposal customers and increase vertical integration of Cleanaway’s operations. The watchdog intends to make a preliminary decision on its findings on Oct. 31.The Australian Competition & Consumer Commission's market inquiries letter is attached....

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