SK ecoplant will sell two environmental business subsidiaries to a private equity fund to improve its financial structure ahead of next year's listing.
According to the construction industry on the 19th, SK ecoplant will hold a board meeting that day to discuss the sale of its waste management subsidiaries, Renewus and Renewone, to the private equity firm KKR (Kohlberg Kravis Roberts). The sale amount is reported to be around 1.7 trillion won.
SK ecoplant is said to have decided to sell its subsidiaries to improve its financial structure while pursuing an initial public offering (IPO) next year. SK ecoplant has expanded its size by acquiring companies in resource recycling and waste management after declaring a transformation into an eco-friendly corporation in 2021. However, financial burdens have increased during this process. As of the first quarter of this year, SK ecoplant's total liabilities amount to 7.1993 trillion won, and its liability ratio stands at 240.8%.