Beijing Capital Weighs Sale of $1 Billion New Zealand Waste Unit
- The state-owned firm has asked banks for divestment proposals
- Beijing Capital bought Transpacific’s New Zealand unit in 2014
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Beijing Capital Group Co. is exploring a sale of its waste management unit in New Zealand for about $1 billion, people with knowledge of the matter said.
The state-owned firm has asked investment banks for proposals on the potential divestment of Beijing Capital Waste Management NZ Ltd., said the people, who asked not to be identified as the information is private. Beijing Capital Group could also consider selling a partial stake in the business, one of the people said.