Saneun Sells Medical Waste Disposal Company DDS to SK Ecoplant

[Asia Economy Reporter Jin-ho Kim] The Korea Development Bank (KDB) announced on the 3rd that it has signed a stock purchase agreement (SPA) with SK Ecoplant (formerly SK Construction) for the medical waste disposal company DDS.

The agreement involves selling all shares, including 87.2% of DDS common stock held by KDB PE and 12.8% of common stock held by existing shareholders, to SK Ecoplant.

Last year, KDB invested a total of 23.5 billion KRW in the first half to acquire management rights of DDS. Since then, it has devoted efforts to transforming the company into an eco-friendly enterprise through investments in advanced incinerator facilities and management efficiency improvements.

As the company’s corporate value began to be recognized in the market, with the new incinerator commencing commercial operations in January this year, KDB decided to sell its shares. After conducting a bidding process through a sales advisory firm earlier this year, SK Ecoplant was selected as the preferred negotiation partner, and the SPA has been finalized.

Yang Ki-ho, Vice President of KDB, explained, "After acquiring DDS, which was in a difficult situation, KDB executed swift and bold facility investments to complete a new eco-friendly incinerator in a short period, transforming it into an advanced company and increasing its corporate value. Returning it to industrial capital now lays the foundation for the company to pursue stable growth in the future."

This content was produced with the assistance of AI translation services.