KKR to acquire China business of Hong Kong-listed NVC
KKR has announced a strategic partnership with Hong Kong-listed lighting solutions company NVC Lighting in which the GP will acquire a controlling stake in NVC’s mainland China business.
The deal will see KKR and NVC form a joint venture that will hold a 100% stake in NVC China; KKR will own a 70% stake in the JV and will pay a cash consideration of $794 million to NVC from its third Asia...
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