Ecorbit Co., recognized as the leading waste management entity in South Korea, has initiated discussions to purchase Keco Co., a company specializing in landfill operations. This potential acquisition follows a significant corporate transition last year, during which a consortium headed by IMM Private Equity completed a 2.07 trillion won, or approximately $1.4 billion, buyout of Ecorbit. The move is viewed as a strategic expansion for the firm as it seeks to consolidate its position within the domestic environmental services sector. Further details regarding the timeline or financial specifics of the prospective deal have not yet been disclosed by the involved parties.
Source : The Korea Economic Daily
