Deliberations are ongoing and Sembcorp may decide against proceeding with a deal, the people said. A representative for Sembcorp didn’t immediately respond to requests for comment.
SembWaste is an environmental services provider of waste management, public cleaning and recycling services, according to Sembcorp’s website. The company agreed to buy Veolia Environnement SA’s Singapore environmental services arm and public cleaning business for about $28 million in 2020, according to a statement.
Singapore-listed Sembcorp’s businesses include renewable and conventional energy as well as urban development, water and waste, its website shows. It has a balanced energy portfolio of about 17.2 gigawatts and a project portfolio spanning over 12,000 hectares across Asia. The company has a market value of US$5.5 billion.
