S$346.4 million joint venture by Keppel Infrastructure Trust in S$666.1 million acquisition of Eco Management Korea Holdings Co., Ltd

Advised Keppel Infrastructure Trust, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, as Singapore counsel in its S$346.4 million joint venture with Keppel Infrastructure Holdings Pte Ltd and Keppel Asia Infrastructure Fund LP for the S$666.1 million acquisition of Eco Management Korea Holdings Co. The target is a leading integrated waste management services player in South Korea, offering waste treatment and recycling, as well as waste-to-energy services, and operates six waste-to-energy plants and five sludge drying facilities located across South Korea. Keppel Infrastructure engages in power and renewables, environment and new energy businesses by leveraging its proprietary technology, strong technical expertise and proven operating capabilities. Partners Danny Lim and Penelope Loh led the transaction.