Australian waste management company Bingo Industries Ltd. has got a green light for its planned purchase of peer Dial a Dump.
Bingo received regulatory approval for the A$577.5 million ($421.7 million) deal from The Australian Competition and Consumer Commission.
The transaction is expected to make Bingo Industries the biggest waste collector in Sydney.
Additionally, Bingo Industries intends to buy back of up to $53.5 million of its ordinary shares on-market.