Igneo gets OIO approval for $1.9b purchase of Waste Management NZ

It will be business as usual at Waste Management, says the firm's MD. (Image: NZME)

Thu, 22 Sep 2022

The Overseas Investment Office has approved the sale of Waste Management New Zealand for $1.9 billion to Australian-based Igneo Infrastructure Partners.Waste Management managing director Evan Maehl confirmed to BusinessDesk that approval for the company’s Chinese owners, Beijing Capital Group (BCG), to sell it was granted.According to Maehl, the settlement with Igneo for Waste Management is expected on 30 Sept.He confirmed that the company didn’t expect any changes to management or the restructuring of staff.“It is business as...

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