KKR May Sell Stake in NVC Lighting's China business: Report
Portfolio Pulse from Lekha Gupta
KKR & Co Inc is reportedly considering selling its 70% stake in NVC Lighting's China business. The deal could potentially bring in around $1 billion in proceeds. The sale could be announced later this year. Last week, KKR disclosed a deal to acquire a majority stake in PangeaCo and the existing fiber optic networks of Telefonica del Peru SAA and Entel Perú.
July 11, 2023 | 12:25 pm
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NEUTRAL IMPACT
KKR & Co Inc disclosed a deal last week to acquire the existing fiber optic networks of Telefonica del Peru SAA.
The news of KKR acquiring the fiber optic networks of Telefonica del Peru SAA could potentially impact the company's stock price. However, the impact is uncertain as it depends on various factors such as the final acquisition price, the strategic value of the acquisition, and market reaction.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
KKR & Co Inc is considering selling its 70% stake in NVC Lighting's China business. The sale could potentially bring in around $1 billion.
The news of KKR considering selling its stake in NVC Lighting's China business could potentially impact the company's stock price. However, the impact is uncertain as it depends on various factors such as the final sale price, the use of proceeds, and market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100