SINGAPORE, June 18 (Reuters) - French industrial group

Seche Environnement has agreed to buy Singapore's ECO

Industrial Environmental Engineering for around S$605 million

($447.4 million), according to a statement by the company dated

Monday.

The group is buying the Singaporean hazardous waste company

from Beijing Capital Eco-Environment Protection Group

, according to the statement.

Reuters reported earlier this month that the sale had

attracted interested companies including global infrastructure

investors such as Actis and I Squared Capital.

"ECO will provide us with a platform for significant growth

in the (Asia-Pacific) region in all our businesses," Seche

Environnement's CEO Maxime Seche said in the statement.

"This is a major operation that will accelerate our strategy

of profitable growth," he added.

ECO is the number one operator in Singapore's hazardous

waste recovery and treatment market, with a market share of

around 32%, Seche Environnement said in the statement.

In 2023, ECO generated sales of around S$96 million and

adjusted earnings before interest, taxes, depreciation and

amortization of around S$41 million, the statement showed.

Citi acted as the exclusive sell-side financial advisor to

Beijing Capital on the transaction, according to a separate

statement by Beijing Capital.

Seche Environnement hired BNP Paribas as financial advisor

and Latham & Watkins as legal advisor for this deal, its

statement said.

($1 = 1.3523 Singapore dollars)