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Igneo's acquisition of Benedict Recycling sparks Australian review

( May 14, 2025, 02:08 GMT | Official Statement) -- MLex Summary: Igneo Infrastructure Partners’ acquisition of Benedict Recycling has sparked a public review by Australia’s competition regulator. In a market-inquiries letter, the Australian Competition & Consumer Commission said it was reviewing the deal and asked for public submissions on the types of building and demolition-waste services being used in the country and for information on competitors to Benedict Recycling in the supply of waste-processing services. Igneo is an infrastructure-asset management company that manages IWS Group Asset. Benedict Recycling provides landfill, process and recovery services. IWS and Benedict Recycling both own and operate waste-management facilities in the state of New South Wales.The ACCC market-inquiries letter is attached and the regulator's full statement follows: ...

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