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ACQUISITION - SINGAPORE. Indonesia's TBS Energi Utama (TOBA) has acquired 100% of Singapore's largest biohazardous and medical waste treatment services firm Asia Medical Enviro Services from Dymon Asia Private Equity, according to a joint statement.
The deal value was not disclosed in the statement issued by the three companies late on Monday.
TBS Energi, which counts Singapore-registered Highland Strategic Holdings as its largest shareholder, operates in businesses comprising electricity, mining, plantation and renewable energy.
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Founded in 2012, Dymon Asia is headquartered in Singapore and focuses on making private equity investments in Southeast Asia. It has assets under management amounting to $1.3 billion, according to its website.
