KKR's Global Atlantic Sells Its 33% Minority Interest In Portfolio Of 26 Solar Facilities To Netherlands' APG; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
KKR's subsidiary Global Atlantic has sold its 33% minority stake in a portfolio of 26 solar facilities to APG of the Netherlands. The financial terms of the transaction were not disclosed.
November 14, 2023 | 10:20 pm
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KKR's subsidiary Global Atlantic has sold a 33% minority interest in a solar portfolio to APG, which may indicate a strategic shift or capital reallocation for KKR.
The sale of a minority interest in a solar portfolio by KKR's subsidiary may not have a significant direct impact on KKR's stock price in the short term, especially since the financial terms were not disclosed. However, it could be part of a broader strategic realignment or capital reallocation, which might be viewed positively or negatively by investors depending on the context and future investments.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70