Keppel considering sale of Singapore waste firm 800 Super, sources say
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A deal could value the waste management firm at as much as $600 million, sources said.
PHOTO: KEPPEL
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SINGAPORE - Keppel is considering selling its stake in 800 Super Holdings in a transaction that could value the waste management firm at as much as $600 million, people familiar with the matter said.
Keppel is working with a financial adviser on a divestment plan, the people said, asking not to be identified because the process is private.
Keppel bought 80 per cent of 800 Super through its infrastructure unit in 2022 in a deal valuing the then Catalist-listed company at about $380 million at the time.
The remaining 20 per cent is owned by the company’s founding family.
It is not clear if the founders will join Keppel in a potential sale, the people said.
Deliberations are ongoing and Keppel may decide not to sell, the people said.
“Keppel Asia Infrastructure Fund regularly reviews its business strategy and portfolio,” a Keppel spokesperson said, adding that the company will announce any material developments.
A representative for 800 Super did not respond to a request for comment.
800 Super provides waste management, waste treatment, cleaning and landscaping services to the public and private sectors, its website shows. BLOOMBERG
