Brief: KKR To Form Strategic Partnership With NVC Lighting And Acquire Majority Interest In NVC China

NVC International Holdings

11/08/2019 12:22

Aug 11 (Reuters) - KKR & Co Inc  KKR.N :
    * KKR TO FORM STRATEGIC PARTNERSHIP WITH NVC LIGHTING AND
ACQUIRE
MAJORITY INTEREST IN NVC LIGHTING’S CHINA LIGHTING BUSINESS
    * NVC LIGHTING WILL OWN 30% OF NVC LIGHTING'S CHINA LIGHTING
BUSINESS THROUGH JOINT VENTURE WITH KKR
    * NVC LIGHTING BOARD DECLARES A SPECIAL DIVIDEND NOT LESS
THAN
HK$0.9 PER SHARE TO BE PAID UPON CLOSING OF TRANSACTION
    * KKR & CO- TO SET UP STRATEGIC PARTNERSHIP WITH NVC
LIGHTING AND
ACQUIRE MAJORITY INTEREST IN NVC LIGHTING'S CHINA LIGHTING
BUSINESS FOR TOTAL EQUITY VALUE OF ABOUT $794 MILLION
    * FOLLOWING COMPLETION OF TRANSACTION, KKR WILL OWN 70% OF
NVC
CHINA

Source text for Eikon:  ID:nBw5Cb0fna 
Further company coverage:  KKR.N 

 ((Reuters.Briefs@thomsonreuters.com;))