July 16 A Kohlberg Kravis Roberts & Co
[KKR.UL]-led consortium is near a deal to invest between $150
million and $200 million in International Far Eastern Leasing
Co, a Chinese lender to small and medium-size businesses, the
Wall Street Journal said, citing people familiar with the
Private equity firm KKR is investing in the deal along with
sovereign-wealth fund Government of Singapore Investment Corp
(GIC) and Chinese investment bank China International Capital
Corp (CICC), the people told the paper.
The consortium wants to buy a minority stake in the range
of 30 percent of the financial leasing firm controlled by
Chinese state-owned conglomerate Sinochem Group Corp, according
to the paper.
The deal could be made final in coming weeks, the paper
said, adding that terms could still change or the deal could
GIC declined to comment on the report, while KKR and CICC
could not be immediately reached for comment by Reuters.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by