August 11, 2019 / 1:10 PM / 10 days ago

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

(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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