- Through Keppel Infrastructure and Keppel Asia Infrastructure Fund, Keppel Corporation (SGX:BN4) plans to acquire an 80% stake in 800 Super Holdings Ltd. William Lee, co-founder and current CEO of 800 Super, will hold the remaining 20% stake. Kohlberg Kravis Roberts will no longer be an investor.
Why Keppel buy 800 Super - a waste collection company?
- - Read this at SGinvestors.io -
- We think Keppel Corp bought 800 Super for its recurring income as the public sector waste contracts with the Singapore government range 1-3 years. The Tuas biomass co-generation plant gels with Keppel Corp’s strategy in environment and new energy businesses in KI, as well as the recent joint acquisition of Eco Management in South Korea which operates 6 waste-to-energy plants, 5 sludge drying facilities and the third largest incineration capacity in the country. We believe that in the medium term, this could be an asset to be injected into REITS/Trusts.
- - Read this at SGinvestors.io -
How does this stack up against Sembcorp Industries?
- Read more at SGinvestors.io.
