EQT to Buy South Korean Waste Management Company KJ Environment
By Dominic Chopping
STOCKHOLM--EQT said it will buy South Korean waste management company KJ Environment from Genesis Private Equity.
The Swedish buyout group said Friday that the deal will see it establish a waste treatment platform in South Korea with core competencies in recyclable waste sorting, plastic recycling and waste-to-energy capabilities.
Financial terms weren't disclosed, but EQT said that with the transaction the EQT Infrastructure VI fund is expected to be 45%-50% invested based on target fund size and subject to customary regulatory approvals.
The acquisition is expected to be closed in the fourth quarter of 2024.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
August 16, 2024 02:43 ET (06:43 GMT)
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