Register with Bluefield for immediate, free access
to water market data and analysis.
Login

China’s CITIC Bolsters UEL’s Wastewater Position

26 November 2014
Research Note

On 11 November 2014, CITIC Environment Protection Co Ltd and KKR China Water Investment Holdings, through a special purpose vehicle, made a conditional US$1.3 billion offer to acquire the remaining shares of Singapore-based United Envirotech Limited (UEL). KKR previously invested US$113.8 million in convertible bonds of UEL in 2011 and another US$40 million in 2013, increasing its stake to 26%.

UEL provides engineering services using membrane technology to municipal and industrial wastewater treatment projects, and also operates a portfolio of wastewater treatment plants across China. UEL’s customer base includes petrochemical companies China Petrochemical Corporation, China National Petroleum Corp, China National Offshore Oil Corp and Sembcorp Industries in Singapore.

Takeaways

  • UEL continues rounding-out wastewater treatment position
  • State-owned enterprises wielding greater global influence
  • Government policies underpin scaling interest

Companies Mentioned

// // // // // //

More Research

$250

This Research Note is only available to insight service clients. Interested in becoming a client?

Learn more about our services »

Contact us »

Share with colleagues





With $1.6 trillion forecasted for total expenditures by end of decade, water utility operations face significant disruption ajot.com/news/with-1.6-… #OPEX #MunicipalWater

06 Apr 2021 • Future of Water
Water Stress Undermines Global Supply Chains

06 Apr 2021 • The Water Values
Start Up to Publicly Traded & the State of Water Technology with Xylem’s Christine Boyle

07 Apr 2021 With $1.6 trillion forecasted for total expenditures by end of decade, water utility operations face significant disruption

05 Apr 2021 With $1.6 Trillion Forecasted for Total Expenditures by End of Decade, Water Utility Operations Face Significant Disruption