Sembcorp-Veolia deal gets go-ahead from competition watchdog

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SINGAPORE (Feb 19): The Competition and Consumer Commission of Singapore (CCCS) has cleared Sembcorp Industries’ acquisition of Veolia ES Singapore (VESS). 

On Jan 3, SembWaste, a wholly-owned subsidiary of Sembcorp Industries, had announced it was acquiring a 100% stake in VESS and its public cleaning business for S$28 million. 

Later on Jan 8, CCCS said it had received an application from SembWaste which acknowledged both parties overlap in Singapore for the supply of both public and...(click on link for full story on theedgesingapore.com)