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PR Newswire
03-01-2020, 07:50 PM
Sembcorp Subsidiary Acquires 100% Equity Interest in VESS and Public Cleaning Business of VESSI
Sembcorp Industries (Sembcorp) announces that it has, through its wholly owned subsidiary SembWaste, entered into a sale and purchase agreement with Veolia Environmental Services Asia to acquire 100% equity interest in Veolia ES Singapore (VESS) and the public cleaning business of Veolia ES Singapore Industrial (VESSI) for approximately S$28 million subject to final purchase price adjustment upon completion. Completion of the deal is subject to conditions precedent including regulatory approvals.
The businesses to be acquired hold contracts for public and commercial waste and recyclable collections covering recovery and recycling, public and commercial cleaning services, as well as associated properties which include a materials recovery facility.
More details in https://links.sgx.com/FileOpen/Sembcorp%...eID=592253
Sembcorp Industries (Sembcorp) announces that it has, through its wholly owned subsidiary SembWaste, entered into a sale and purchase agreement with Veolia Environmental Services Asia to acquire 100% equity interest in Veolia ES Singapore (VESS) and the public cleaning business of Veolia ES Singapore Industrial (VESSI) for approximately S$28 million subject to final purchase price adjustment upon completion. Completion of the deal is subject to conditions precedent including regulatory approvals.
The businesses to be acquired hold contracts for public and commercial waste and recyclable collections covering recovery and recycling, public and commercial cleaning services, as well as associated properties which include a materials recovery facility.
More details in https://links.sgx.com/FileOpen/Sembcorp%...eID=592253
Specuvestor: Asset - Business - Structure.