KKR, CITIC to buy Singapore water treatment company United Envirotech-Reuters

Singapore water treatment company United Envirotech Ltd (UEL), nearly 30 percent owned by private equity firm KKR & Co LP, said KKR and Chinese state-backed conglomerate CITIC Ltd will launch a takeover offer valuing UEL at about S$1.9 billion ($1.5 billion) on a fully-diluted basis.

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