WasteCo has announced the completion of its acquisition of Civic Waste, a North Island-based waste management company.
The acquisition is expected to contribute approximately $20 million in revenue over the next 12 months.
WasteCo Group has also issued a $15m convertible note to Empire Waste Technology, which will provide working capital for further acquisitions and strengthen its balance sheet.
In addition, the company's share purchase plan raised a total of $5m in new equity, with existing shareholders subscribing $1.38m and the directors placing the shortfall.
The new shares from the share purchase plan will be issued next week.
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