Keppel units acquires 80% of 800 Super’s shares
800 Super Holdings is now an associated company of Keppel Corporation.
Keppel Infrastructure and Keppel Asia Infrastructure Fund (KAIF) have completed the acquisition of 80% of the shares of 800 Super Holdings Limited.
Following the completion of the transaction 800 Super is now an associated company of Keppel Corporation.
In a statement, Keppel said Keppel Infrastructure subsidiary Keppel EnServices, KAIF indirect subsidiary Harmony TopCo, and 800 Super Co-Founder and CEO William Lee entered a shareholders’ agreement to regulate their respective rights and obligations in relation to the Purchaser HoldCo.
Lee, who held a 20% indirect interest in 800 Super pre-completion, will subscribe to a new 20% indirect interact interest in the company post-completion of the transaction.