KKR and Korea's NPS team up for Colonial US pipeline investment
Kohlberg Kravis Roberts & Co. (KKR) has joined forces with Korea’s National Pension Service (NPS) to take a 23.44% stake in Alpharetta, GA-headquartered Colonial Pipeline Company, in a deal said to be worth about KRW1 trillion ($895 million).
The move marks a major focus on energy and infrastructure assets by the NPS, but more significantly showcases its desire to diversify its investment portfolio. The world’s fourth largest pension fund...
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