Keppel Infrastructure Trust and other Keppel units to acquire South Korean waste management firm for $666 mil

Jovi Ho
Jovi Ho8/8/2022 08:29 AM GMT+08  • 4 min read
Keppel Infrastructure Trust and other Keppel units to acquire South Korean waste management firm for $666 mil
The proposed acquisition is expected to be completed by 2H2022.
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Keppel Infrastructure Trust, Keppel Asia Infrastructure Fund and Keppel Infrastructure are acquiring a South Korean waste management company for some $666 million.

In an Aug 8 press release, Keppel Infrastructure Fund Management (KIFM), the Trustee-Manager of Keppel Infrastructure Trust (KIT); Keppel Asia Infrastructure Fund (KAIF), together with a co-investor; and Keppel Infrastructure Holdings(KI), wholly owned subsidiary of Keppel Corporation and sponsor of KIT, announced a special purpose vehicle that will takeover Eco Management Korea Holdings (EMK) for ₩626.1 billion.

KIT will hold a 52% interest in the SPV, while KAIF and KI will hold a 30% and 18% interest respectively.

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