IN BRIEF – ASIA
- From: Vol 8, Issue 9 (September 2007)
- Category: Brief
- Region: Asia
- Country: Singapore
- Related Companies: CVC Capital Partners, Hyflux, Kardan Group, KKR, Ming Hing Water, Multiflo Australia Pty Ltd, Ningxiang Water, Tianjin Huanke Water Development Ltd, TPG and Weir
* Ming Hing Water has won a 30-year concession contract in Changsha, Hunan Province, China.
The deal involves the acquisition of Ningxiang Water for RMB90.08 million ($11.9 million), which represents a 9.48% premium to the asset value.
* Kardan, meanwhile, has acquired its first infrastructure assets in China, purchasing 88.15% of Tianjin Huanke Water Development Ltd. for approximately €12 million. Tianjin Huanke owns long-term concession agreements for 6 operational WWTPs in China ...
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