Igneo's purchase of Benedict Recycling raises waste-management concerns in Australia
( September 11, 2025, 02:48 GMT | Official Statement) -- MLex Summary: Igneo Infrastructure Partners’ acquisition of Benedict Recycling could lead to a substantial lessening of competition in the supply of mixed building and demolition waste-processing services, Australia’s competition watchdog has warned. In publishing a statement of issues Thursday, the Australian Competition & Consumer Commission said the deal could affect the B&D waste market around the eastern Australian city of Newcastle, with the merged company likely to increase price or reduce the quality of the service it provides to its customers, post-acquisition. The statement of issues marks the start of an in-depth review under Australia’s informal clearance mechanism.The Australian Competition & Consumer Commission's statement of issues is attached and the full media release follows: ...
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