Citic, KKR control 60.2% of United Envirotech as offer goes unconditional
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Singapore
THE consortium of Citic and private equity firm KKR have gained control of about 60.2 per cent of water-treatment specialist United Envirotech's (UEL) existing shares, making its takeover bid unconditional.
The news came after an active day of deals for UEL, which on Thursday announced two contract-related investments in China.
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