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Advancer Global to dispose of G3 Environmental for $22 mil

Ashley Lo
Ashley Lo • 2 min read
Advancer Global to dispose of G3 Environmental for $22 mil
The disposal is “in the best interest of the company and its shareholders”, according to the group. Photo: Bloomberg
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Advancer Global has entered a definitive sale and purchase agreement with Re Sustainability for the disposal of G3 Environmental and its subsidiaries for a purchase consideration of $22 million. 

The group is a wholly-owned subsidiary of Kenmoore Mezzanine Investments (Kenmoore) and Tee Infrastructure (Tee). 

G3 Environmental, which was incorporated in Singapore in 2017, focuses on the business of waste collection and recycling of metal waste and scrap. 

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