CCCS clears proposed acquisition by SembWaste of Veolia ES Singapore
Topics: ACQUISITION SEMBWASTE VEOLIA
SembWaste is a wholly-owned subsidiary of Sembcorp Environment Pte. Ltd., which in turn is a wholly-owned subsidiary of Sembcorp Industries Limited. SembWaste is an integrated solid waste management service provider in Singapore. It offers a comprehensive suite of services to the municipal, industrial and commercial sectors.
VESS is part of the Veolia group, which designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. VESS’s operations in Singapore include Public Waste Collection (“PWC”) and General Waste Collection (“GWC”) services.
The Parties overlap in the supply of PWC and GWC services in Singapore.
CCCS found that the merged entity would continue to face sufficient competition in the relevant markets from other suppliers in Singapore and overseas.
Customers are able to switch suppliers in this market as there is a large number of alternative suppliers for customers to choose from. ■