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Cleanaway Waste Management ( (AU:CWY) ) has shared an announcement.
Cleanaway Waste Management Limited has entered into a Variation Agreement with Boral Limited to amend the existing Operating Agreement for the Melbourne Regional Landfill (MRL). This agreement allows Cleanaway to access a new area adjacent to the existing MRL operations, enhancing operational efficiency and extending the site’s lifespan beyond 2050, subject to regulatory approvals. The agreement also resolves litigation issues with Boral and is part of Cleanaway’s strategy to future-proof its Victorian post-collections network, ensuring long-term service capabilities for its customers and communities.
The most recent analyst rating on (AU:CWY) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Cleanaway Waste Management stock, see the AU:CWY Stock Forecast page.
More about Cleanaway Waste Management
Cleanaway Waste Management Limited is Australia’s leading total waste management, industrial, and environmental services company. It operates with a team of over 7,900 staff and a fleet of more than 6,100 specialist vehicles across approximately 330 locations in Australia, focusing on sustainable waste, recycling, and liquids management solutions.
Average Trading Volume: 6,253,185
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$6.18B
Learn more about CWY stock on TipRanks’ Stock Analysis page.