Brief: LS Group and KKR announce partnership agreement

LS

27/07/2017 03:03

July 26 (Reuters) - KKR & Co Lp  KKR.N  
    * LS Group and KKR announce partnership agreement 
    * Co will become joint partners with ls in ls automotive 
    * Says will additionally acquire LS Group affiliate LS 
mtron's copper foil and flexible copper clad laminate business 
    * KKR will make its proposed investment from its us$9.3 
billion asian fund III 
    * LS will maintain control of LSA JV owning 53% of lsa jv's 
voting shares and lsa jv will remain as an affiliate of LS Group 
    * Will own 47% of LSA JV's voting shares 
    * Investment implies a combined enterprise value of LSA and 
CF/FCCL business of approximately KRW 1.05 trillion 
    * Will acquire full ownership of Lsm's CF/FCCL business 
segment 
 
Source text for Eikon:  ID:nBw6d5Vhfa  
Further company coverage:  KKR.N  
 
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