Keppel Infrastructure Trust consortium in last lap to buy South Korean waste management firm

A KEPPEL consortium comprising Singapore-listed Keppel Infrastructure Trust , Keppel Infrastructure Holdings and Keppel Asia Infrastructure Fund has been selected as the preferred bidder to acquire a major integrated waste management player in South Korea.

Keppel Infrastructure Fund Management, the trustee-manager of Keppel Infrastructure Trust, said in a regulatory filing on Wednesday (Jul 13) that the group, as the preferred bidder, will enter into negotiations to finalise the sale-and-purchase agreement for the entire stake in Eco Management Korea Holdings.

Eco Management Korea Holdings provides nation-wide waste management services in the North Asian nation.

There is no certainty or assurance that the transaction will materialise or be concluded, Keppel Infrastructure Fund Management said, without elaborating on the acquisition price.

Keppel Infrastructure Trust units at market close were trading 1.77 per cent higher at S$0.575 on Wednesday, before this announcement was made.