Naza completes acquisition of waste management company from Berjaya for RM700m cash

The Edge | 03 May 2024

KUALA LUMPUR (May 3): Naza Corp Holdings Sdn Bhd has completed the acquisition of a 100% stake in Berjaya Enviro Holdings Sdn Bhd (BEnviro) from Berjaya Corp Bhd for RM700 million in cash, marking its entry into the green economy with a focus on municipal and scheduled waste, as well as the waste-to-energy sector.

The acquisition also sees Naza taking over seven entities under BEnviro, namely, BPJ-Berjaya Sdn Bhd, Berjaya Eco Services Sdn Bhd, Save the Sea Sdn Bhd, Berjaya Enviro Parks Sdn Bhd, Amita Berjaya Sdn Bhd, J&T Berjaya Alam Murni Sdn Bhd and Berjaya Energies Sdn Bhd.

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Naza Group of Companies

The NAZA Group is a well established family owned business. The Group has diversified and ventured into businesses such as Property Development, Engineering and construction, Automotive Distribution, Asset Management, Telecommunications infrastructure, Food & Beverage and Strategic Investment.

In 2019, The Group went through a strategic transformation, termed NAZA2.0. and with the Group’s new business model, it set the groundwork for the Group to focus on its profitable and exclusive brands ensuring its business remains robust and sustainable.

Naza completes acquisition of waste management company from Berjaya for RM700m cash

Naza Group of Companies

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