KKR to take majority stake in NVC Lighting’s China business
KKR & Co Inc said on Sunday it
would take a majority stake in NVC Lighting Holding Limited’s
China Lighting Business for a total equity value of
about $794 million.
NVC Lighting will continue to own 30% of the China Lighting
Business and receive a cash consideration through the joint
venture with KKR, the U.S. private equity investor said.
would take a majority stake in NVC Lighting Holding Limited’s
China Lighting Business for a total equity value of
about $794 million.
NVC Lighting will continue to own 30% of the China Lighting
Business and receive a cash consideration through the joint
venture with KKR, the U.S. private equity investor said.
Posted by Reuters