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Bingo Industries Announces Regarding Consultation on Proposed Waste Divestment

08 Jan 2019  |  09:58:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AXX: Consultation on Bingo's proposed waste divestment

Bingo Industries announced regarding consultation on proposed waste divestment. The ACCC is considering whether a proposal by the Company to divest its eastern Sydney waste processing plant will adequately address the ACCC's competition concerns about its planned acquisition of Dial-a-Dump. A consultation process launched will seek the views of market participants on whether its proposed divestment is likely to address potential competition issues identified by the ACCC. It has offered to divest its Banksmeadow processing facility in eastern Sydney to an acquirer approved by the ACCC.

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