Berjaya Group to sell 100% of Benviro to Naza for RM700mil

KUALA LUMPUR: Berjaya Corporation Bhd's (BCorp) subsidiary Berjaya Group Bhd (BGroup) has inked an agreement with Naza Corporation Holdings Sdn Bhd to dispose of 100 per cent equity interest in Berjaya Enviro Holdings Sdn Bhd (BEnviro) for RM700 million.

BCorp’s joint chief executive officer Vivienne Cheng Chi Fan said the proposed disposal would provide an opportunity for the BCorp group to monetise its investment in BEnviro with an estimated gain of about RM490.74 million.