Keppel infra consortium named preferred bidder for Korean waste management firm
The consortium still has to enter negotiations to finalise the acquisition.
The consortium of Keppel Infrastructure Trust (KIT), Keppel Infrastructure Holdings Pte Ltd (KIH), and Keppel Asia Infrastructure Fund LP (KAIF) has been chosen as the preferred bidder to acquire South Korean waste management firm Eco Management Korea Holdings Inc.
In a bourse filing, the consortium clarified that it still has to enter into negotiations to finalise the sale and purchase agreement.
It added that there is also no assurance that the transaction will materialise.
“Unitholders of KIT and shareholders of Keppel Corporation Limited (KCL), the parent company of KIH, were advised to refrain from taking any action in respect of their units in KIT and KCL, respectively, which may be prejudicial to their interests,” the consortium said in a bourse filing.