KIT will hold a 52% interest in the SPV, while KAIF and KI will hold a 30% and 18% interest respectively.
Keppel Infrastructure Trust, Keppel Asia Infrastructure Fund and Keppel Infrastructure are acquiring a South Korean waste management company for some $666 million.
In an Aug 8 press release, Keppel Infrastructure Fund Management (KIFM), the Trustee-Manager of Keppel Infrastructure Trust (KIT); Keppel Asia Infrastructure Fund (KAIF), together with a co-investor; and Keppel Infrastructure Holdings(KI), wholly owned subsidiary of Keppel Corporation and sponsor of KIT, announced a special purpose vehicle that will takeover Eco Management Korea Holdings (EMK) for ₩626.1 billion.
