Sembcorp completes Veolia deal for S$19.2m

The Business Times | Jul 1, 2020 at 2:00 AM
  • SEMBCORP Industries has completed the acquisition of Veolia ES Singapore (VESS) and the public cleaning business of Veolia ES Singapore Industrial for S$19.2 million, through its wholly-owned subsidiary SembWaste, it said on Tuesday.
  • The business to be acquired hold contracts for public and commercial waste and recyclable collections, which cover recovery and recycling, public and commercial cleaning services, as well as associated properties which include a materials recovery facility.
  • VESS’s operations in Singapore include public waste collection and general waste collection services, overlapping with SembWaste’s.