SK Ecoplant sells 30% stake in Malaysia's Cenviro to focus on chips and AI

SK Ecoplant is selling its entire 30% stake in Malaysian waste operator Cenviro, with France's Veolia set to buy the holding plus part of Khazanah's shares for a stake above 51%. The deal values Cenviro at 800–900 billion won, and SK Ecoplant will use the proceeds to pivot toward semiconductor and AI infrastructure.

• Veolia to buy SK Ecoplant's 30% of Cenviro plus part of Khazanah's stake, over 51% total
• Cenviro valued at 800–900 billion won; SK Ecoplant's stake booked at 194.7 billion won
• SK Ecoplant acquired the 30% stake in May 2022 for about 150 billion won
• Proceeds to fund a shift toward semiconductor and AI infrastructure