Australia’s Seven Group Said to Consider Takeover of Cleanaway Waste

-- Australian industrial conglomerate Seven Group Holdings Ltd. is exploring an acquisition of Cleanaway Waste Management Ltd., one of the country’s biggest waste disposal firms, people familiar with the matter said. Seven Group , which is working with an adviser, has been seeking financing for a potential takeover of Melbourne-based Cleanaway Waste , said the people, who asked to not be identified because the details are private.

A potential deal would be a banner transaction for Seven Group and one of the largest takeovers this year in Australia, which has experienced an uptick in mergers and acquisitions activity, according to data compiled by Bloomberg. -- Oil steadied after a modest loss as traders weighed the next steps between Israel and Iran amid signs of easing hostilities following a tit-for-tat exchange of attacks last week.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.

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