, Singapore
433 views
Photo from Keppel Corporation

Keppel units to acquire 80% of 800 Super's shares

The transaction is expected to close in Q422.

Keppel Infrastructure Holdings (KI) and Keppel Asia Infrastructure Fund LP (KAIF) will be acquiring 80% of the waste management firm, 800 Super Holdings, Keppel Corporation has announced.

KI and KAIF will be acquiring the shares through Harmony Infrastructure, s a wholly-owned direct subsidiary of Harmony Holdco.

In a bourse filing, Keppel Corporation said the consideration payable to seller 8S Capital Holdings will be $380m, which is the base purchase price, "plus an additional amount equal to 5% per annum on the base purchase price compounded monthly, from 30 June 2022 through to the date of completion."

However, if leakages occur between 30 June to the data of completion, the consideration will "decrease by the amount of such leakages and interest accrued thereon at a rate of 5% per annum, compounded monthly."

The deal is expected to close in Q422. Following the transaction's completion, 800 Super will be an associate company of Keppel Corporation.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sasseur REIT extends sponsor loan maturity
The agreement extends the maturity of the sponsor loan from March 2025 to March 2030.
Markets
GuocoLand to redeem $400m perpetual securities
The securities were issued under the group’s $3b multicurrency note programme.