Khazanah Nasional Berhad’s Partnership with SK ecoplant Co Ltd

SK ecoplant was represented by Skrine.

Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad entered into a strategic partnership with South Korea’s SK ecoplant Co Ltd to further Khazanah’s aspirations of elevating its waste management business into a world class business and leading regional player in the business.

The strategic partnership is to be carried out through the acquisition by SK ecoplant of 30% of the issued shares in Cenviro Sdn Bhd, a wholly-owned subsidiary of Khazanah. The transaction is subject to regulatory approvals.

SK ecoplant is a unit of SK Group, the second largest conglomerate in South Korea. SK ecoplant has over 44 years of experience in eco-friendly businesses in integrated waste management, energy, engineering, and construction and has a business presence in 15 countries.

Cenviro, founded in 1991, is Malaysia’s first integrated management company as well as the leading circular waste management solutions provider in the country.

The Skrine team was lead transaction lawyers are To’ Puan Janet Looi (Picture, partner), Sheba Gumis (Partner) and Grace Teo (Senior Associate). They were assisted by Associates Nur Liana binti Mohamed and Tham Zhi Jun on the transaction documents and legal due diligence. Partners Richard Khoo, Shannon Rajan, Natalie Lim, Shaleni Sangaran, Jesy Ooi and Sara Lau, Senior Associates Rachel Chiah and Francine Ariel Paul, and Associates  Joey Tiw, Raaasi Laarnia a/p Rajandran, Jemima Tang, Nicole Oh, Beatrice Yew and Marcus Leong, assisted in various aspects of the legal due diligence.

Involved fees earner: Nur Liana Binti Mohamed – Skrine; Rachel Chiah – Skrine; Sheba Gumis – Skrine; Zhi Tham Jun – Skrine; Richard Khoo – Skrine; Sara Lau – Skrine; Marcus Leong – Skrine; To’ Puan Janet Looi – Skrine; Nicole Oh Jia Yi – Skrine; Jesy Ooi – Skrine; Francine Ariel Paul – Skrine; Shannon Rajan – Skrine; Raaasi Laarnia Rajandran – Skrine; Shaleni Sangaran – Skrine; Jemima Tang – Skrine; Grace Teo Shi Kay – Skrine; Natalie Lim – Skrine; Beatrice Yew Jia Yi – Skrine;

Law Firms: Skrine;

Clients: SK ecoplant;

Sonia Carcano

Author: Sonia Carcano