Beijing Capital has the sale of its New Zealand waste management business in its sights. Photo / SuppliedBeijing Capital has the sale of its New Zealand waste management business in its sights. Photo / SuppliedThe state-owned Beijing Capital Group Co is exploring a sale of the once-listed Waste Management for US$1 billion ($1.4b), Bloomberg has reported. Beijing Capital acquired Waste Management for $950 million from ASX-listed Transpacific in 2014. It was the first major international foray for the Chinese water treatment, waste management, mass transit railway, toll road and property company.

Source: New Zealand Herald August 13, 2021 05:03 UTC