Baring-Backed Kangda International Acquires Sewage Treatment Plants


Hong Kong-listed Chinese water treatment facility operator Kangda International Environmental Company has acquired a 90% stake in four Chinese sewage treatment plants for US$47 million, according to a company announcement.

Kangda International is backed by Baring Private Equity Asia, which acquired a 30% stake in Kangda in 2012 for US$95 million.

Kangda acquired shares from Shandong Guohuan Industrial Investment, which owns shares of the four targeted sewage treatment plants. The plants have a daily treatment capacity of 210,000 tonnes per day.

Upon completion of the transaction, Shandong Guohua will hold the remaining 10% stake.

Founded in 2009, Kangda International Environmental is engaged in project construction of water treatment, waste gas treatment, municipal engineering and waste incineration power generation, as well as making related investments.

 

 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets

RELATED NEWS



LEAVE A REPLY