Rajah & Tann has advised Singapore’s Keppel Infrastructure Trust on its $244 million joint venture with Keppel Infrastructure Holdings and Keppel Asia Infrastructure Fund, to acquire waste management company, Eco Management Korea Holdings for $482 million.

The acquisition is consistent with Keppel Infrastructure's focus on sustainability and commitment to a  low-carbon future, Reuters reported. Eco Management Korea will serve as a suitable platform to consolidate the fragmented nature of the South Korean waste management sector, through its portfolio of businesses to the market, Reuters added.

The Rajah & Tann team was led by partners Raymond Tong and Penelope Loh.