S Korea's SK Construction emerges preferred bidder to buy waste firm EMC

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea. REUTERS/Kim Hong-Ji

South Korea’s SK Construction & Engineering Co Ltd said on Thursday it has been named the preferred bidder for a 100% stake in South Korean waste treatment company EMC Holdings Co Ltd.

The private equity firm that wholly owns EMC Holdings picked SK Construction & Engineering, beating out other contenders including Goldman Sachs PIA and Singapore’s Keppel Infrastructure Fund, Korea Economic Daily reported, citing sources from the investment banking industry.

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