A price-fixing deal in demolition waste with smaller rival Aussie Skips cast a stain on Bingo, which was bought by ASX giant Macquarie in 2021.
Daniel Tartak described it as “one of the most humbling weeks of my career. Clearly we have some work to do to win back credibility.”By May that year, Bingo looked to be focused and back in control. The group stuck to its revised lower guidance at a packed-out Macquarie investment conference in Sydney.Outside of work, the extended Tartak family were reported to have bought a clutch of apartments in James Packer’s freshly opened and expensive One Barangaroo.
Meanwhile, Aussie Skips Bin Services would increase prices by at least 20 per cent from July 1, 2019. It also came ahead of the annual price rises in July – increases that are usually well telegraphed to the market, as many of Bingo’s customers also act as competitors. What is certain is that Macquarie Infrastructure and Real Assets knew of the regulatory issue when it bought the groupin 2021. Bingo disclosed the ACCC investigation to the market in January 2020, updating a few times after that.
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