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The platform comprises an end-to-end business portfolio in the waste treatment value chain, including recyclable waste sorting, plastic recycling and waste-to-energy capabilities, EQT said.
It has strategically located sites in the Greater Seoul Metropolitan Area, serving catchment areas covering more than 50% of South Korea’s population, the investment firm said.
Since 2020, EQT Infrastructure has committed 5 billion euros of equity, including co-investment, in Asia Pacific companies, it said.
EQT set a target size of 20 billion euros in August 2022 for EQT Infrastructure Fund VI. It has not disclosed whether the fundraising has been completed.
The transaction is expected to close in the fourth quarter this year, EQT said.
JPMorgan advised the firm on the deal, it said.
Source: Reuters
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