KKR to take majority stake in NVC Lighting's China business

NVC International Holdings

11/08/2019 13:02

Aug 11 (Reuters) - KKR & Co Inc  KKR.N  said on Sunday it
would take a majority stake in NVC Lighting Holding Limited's
 2222.HK  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.
    


 (Reporting by Rishika Chatterjee in Bengaluru; Editing by
Kirsten Donovan)
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