A consortium comprising Keppel Infrastructure Trust (KIT), Keppel Infrastructure Holdings and Keppel Asia Infrastructure Fund LP has been selected as the preferred bidder to acquire the entire stake in Eco Management Korea Holdings Inc. (EMK).
The consortium adds that it will enter into negotiations to finalise the sale and purchase agreement (SPA) but that there is no certainty or assurance that a transaction will materialise or be concluded.
EMK is a major integrated waste management player in South Korea, which provides nationwide waste management services.
The bourse filing on July 14 came after a Bloomberg article revealed that KIT had been selected as the preferred bidder to buy EMK.
As at 9.16am, units in KIT are trading flat at 57.5 cents.
