Sembcorp-Veolia deal gets go-ahead from competition watchdog
Uma Devi • • 3 min read
In a media statement today, CCCS concluded that the merged entity would continue to face sufficient competition in the relevant markets from other suppliers in Singapore and overseas.
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SINGAPORE (Feb 19): The Competition and Consumer Commission of Singapore (CCCS) has cleared Sembcorp Industries’ acquisition of Veolia ES Singapore (VESS).
On Jan 3, SembWaste, a wholly-owned subsidiary of Sembcorp Industries, had announced that it was acquiring a 100% stake in VESS and its public cleaning business for $28 million.
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