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Sembcorp divests medical waste treatment business for $20 mil

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Sembcorp divests medical waste treatment business for $20 mil

Samantha Chiew Published on Thu, May 17, 2018 / 6:25 PM GMT+8

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SINGAPORE (May 17): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for $20 million.

TEE Medical Services is a 50-50 joint venture between TEE Infrastructure, a wholly-owned subsidiary of TEE International, and Asia Enviro Services.

Sembcorp’s medical waste division specialises in the treatment and disposal of biohazardous and pharmaceutical waste.

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