Ashmore-led group sells Saudi waste management firm to Gulf group

[rss]

DUBAI, Sept 24 (Reuters) - A group led by fund manager Ashmore Group plc has sold a Saudi waste management company to a group of Gulf private equity firms, one of the buyers confirmed on Wednesday, with banking sources valuing the deal at around $300 million. Jeddah-based Global Environmental Management Services (GEMS) collects, handles and disposes of petroleum and chemical wastes and is also involved in waste water treatment in the kingdom. Saudi Arabia's Jadwa Investment confirmed in a statement it had bought into the company through its Jadwa Waste Management Opportunities Fund. ...

أكثر... (https://en-maktoob.news.yahoo.com/ashmore-led-group-sells-saudi-waste-management-firm-144259379--sector.html)