Keppel bought 80% of 800 Super through its infrastructure unit in 2022 in a deal valuing the Singaporean company at about $380 million at the time. The remaining 20% is owned by the company’s founding family. It isn’t clear if the founders will join Keppel in a potential sale, the people said.
Deliberations are ongoing and Keppel may decide not to sell, the people said.
“Keppel Asia Infrastructure Fund regularly reviews its business strategy and portfolio,” a Keppel spokesperson said, adding that the company will announce any material developments. A representative for 800 Super didn’t respond to a request for comment.
800 Super provides waste management, waste treatment, cleaning and landscaping services to the public and private sectors, its website shows.
