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KKR & Co Inc (KKR.N)

KKR.N on New York Stock Exchange

24.71USD
19 Aug 2019
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Latest Key Developments (Source: Significant Developments)

KKR To Form Strategic Partnership With NVC Lighting And Acquire Majority Interest In NVC China
Sunday, 11 Aug 2019 07:00am EDT 

Aug 11 (Reuters) - KKR & Co Inc ::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.  Full Article

KKR Says Has 27.8% Acceptance Rate For Offer To Buy Minorities In Axel Springer
Wednesday, 7 Aug 2019 02:29am EDT 

Aug 7 (Reuters) - KKR & Co Lp ::ACCEPTANCE RATE OF VOLUNTARY PUBLIC TENDER OFFER FOR AXEL SPRINGER SE AMOUNTS TO 27.8 PERCENT.  Full Article

KKR says Expects $250 mln in realizations in Q3
Thursday, 25 Jul 2019 10:53am EDT 

July 25 (Reuters) - KKR & Co Inc ::KKR SAYS THREE FUNDS, ASIA AND AMERICAS PRIVATE EQUITY, AND INFRASTRUCTURE, WILL BE IN THE MARKET FOR FUNDRAISING IN NEXT 16-18 MONTHS -EARNINGS CALL.KKR CO-PRESIDENT NUTTALL SAYS COMPANY EXPECTS $250 MILLION IN REALIZATIONS IN Q3.  Full Article

Budweiser Brewer Explores Asset Sales After Calling Off Asia IPO - WSJ
Thursday, 18 Jul 2019 12:34pm EDT 

July 18 (Reuters) - :BUDWEISER BREWER EXPLORES ASSET SALES AFTER CALLING OFF ASIA IPO - WSJ.ANHEUSER-BUSCH INBEV SA IS CONSIDERING SELLING OFF BUSINESS UNITS IN SOUTH KOREA, AUSTRALIA AND CENTRAL AMERICA - WSJ.ANHEUSER-BUSCH INBEV HOPES TO RAISE AT LEAST $10 BILLION FROM ASSET SALES- WSJ, CITING SOURCES.KKR & CO APPROACHED AB INBEV IN MAY ABOUT BUYING SOME OF THE ASIAN ASSETS- WSJ.  Full Article

Acceptance Period For KKR's Offer To Buy Out Axel Springer Minorities Starts
Friday, 5 Jul 2019 02:30am EDT 

July 5 (Reuters) - KKR : :ACCEPTANCE PERIOD FOR KKR’S VOLUNTARY PUBLIC TENDER OFFER FOR AXEL SPRINGER SPRGn.DE COMMENCES.ACCEPTANCE PERIOD FOR AXEL SPRINGER OFFER RUNS FROM 5 JULY 2019 TO 2 AUGUST 2019.OFFER PRICE FOR AXEL SPRINGER OF EUR 63 PER SHARE IN CASH, REPRESENTING A PREMIUM OF 40 PERCENT TO AXEL SPRINGER’S UNAFFECTED SHARE PRICE.  Full Article

Brookfield Renewable And KKR To Partner For A New Growth Stage In X-Elio
Wednesday, 3 Jul 2019 07:56am EDT 

July 3 (Reuters) - Brookfield Renewable Partners LP ::BROOKFIELD RENEWABLE AND KKR TO PARTNER FOR A NEW GROWTH STAGE IN X-ELIO.BROOKFIELD RENEWABLE PARTNERS LP - BROOKFIELD RENEWABLE AND KKR WILL OWN X-ELIO THROUGH A 50/50 PARTNERSHIP.BROOKFIELD RENEWABLE - BROOKFIELD RENEWABLE WILL ACQUIRE ACEK'S 20% STAKE AND 30% OF KKR'S STAKE IN X-ELIO FOR A TOTAL COMMITMENT IN RANGE OF $500 MILLION.BROOKFIELD RENEWABLE PARTNERS LP - BROOKFIELD RENEWABLE AND KKR WILL HOLD JOINT GOVERNANCE OF X-ELIO BOARD.  Full Article

Axel Springer CEO: KKR Deal Foresees Partnership Of Equals
Wednesday, 12 Jun 2019 04:44am EDT 

June 12 (Reuters) - Axel Springer CEO::CUT OUTLOOK DUE TO CYCLICAL WEAKNESS IN JOBS CLASSIFIEDS, BREXIT.NO CONCRETE M&A PLANS, BUT WE ARE DISCUSSING POSSIBLE DEALS.EVEN IF KKR GAINS MAJORITY VIA BUYOUT DEAL OUR AGREEMENT FORESEES "PARTNERSHIP OF EQUALS".  Full Article

Axel Springer Cuts Guidance For 2019
Wednesday, 12 Jun 2019 01:19am EDT 

June 12 (Reuters) - Axel Springer SE ::DGAP-ADHOC: AXEL SPRINGER SE: KKR ANNOUNCES THE LAUNCH OF A PUBLIC TAKEOVER OFFER ON THE BASIS OF AN INVESTOR AGREEMENT WITH AXEL SPRINGER SE.KKR'S HOLDING COMPANY ANNOUNCES TODAY THAT IT INTENDS TO LAUNCH A PUBLIC TAKEOVER OFFER TO ALL SHAREHOLDERS OF AXEL SPRINGER SE AT AN OFFER PRICE OF EUR 63.00 PER SHARE IN CASH.EXECUTIVE BOARD AND SUPERVISORY BOARD OF AXEL SPRINGER SE, WHICH HAVE APPROVED EXECUTION OF INVESTOR AGREEMENT, WELCOME ANNOUNCED PUBLIC TAKEOVER OFFER AND WILL SUPPORT PUBLIC TAKEOVER OFFER.OFFER ANNOUNCED TODAY REPRESENTS A PREMIUM OF APPROXIMATELY 31.5 % ON VOLUME WEIGHTED AVERAGE SHARE PRICE OF AXEL SPRINGER SHARES.PUBLIC TAKEOVER OFFER SHALL BE SUBJECT TO A MINIMUM ACCEPTANCE RATE OF 20 % AND OBTAINING OF MERGER CONTROL CLEARANCE AND OTHER REGULATORY APPROVALS.EXECUTIVE BOARD HAS DECIDED TO HOLD ON TO INVESTMENTS PLANNED FOR IMPLEMENTATION OF ITS GROWTH STRATEGY FOR FISCAL YEAR 2019 DESPITE OF REVENUE DEVELOPMENT BEING WEAKER THAN PLANNED.PARTIAL ADJUSTMENT OF REVENUES AND EARNINGS DEVELOPMENT EXPECTED FOR 2019.SEES REVENUES DECREASE IN LOW SINGLE-DIGIT PERCENTAGE RANGE.SEES REVENUES IN CLASSIFIEDS MEDIA AT PREVIOUS YEAR'S LEVEL TO AN INCREASE IN LOW SINGLE-DIGIT PERCENTAGE RANGE.SEES ADJUSTED EBITDA OF GROUP TO DECREASE IN MID SINGLE-DIGIT PERCENTAGE RANGE.SEES ADJUSTED EBIT OF GROUP TO DECREASE IN HIGH SINGLE-DIGIT PERCENTAGE RANGE.SEES ADJUSTED EPS TO DECREASE IN HIGH SINGLE-DIGIT TO LOW DOUBLE-DIGIT PERCENTAGE RANGE.  Full Article

Axel Springer Announces Negotiations For Potential Strategic Investment Of KKR
Wednesday, 29 May 2019 02:53pm EDT 

May 29 (Reuters) - Axel Springer Se ::DGAP-ADHOC: AXEL SPRINGER SE: NEGOTIATIONS FOR POTENTIAL STRATEGIC INVESTMENT OF KKR.ANNOUNCES EXECUTIVE BOARD IN NEGOTIATIONS WITH KKR AS WELL AS DR. H.C. FRIEDE SPRINGER FOR POTENTIAL STRATEGIC INVESTMENT OF KKR IN CO.EXECUTIVE BOARD IS PURSUING ITS GROWTH STRATEGY OF INCREASING ENTERPRISE VALUE IN LONG-TERM.STATE OF NEGOTIATIONS PROVIDES KKR TO LAUNCH A PUBLIC TENDER OFFER TO OTHER SHAREHOLDERS OF AXEL SPRINGER SE TO ACQUIRE THEIR SHARES.IT IS CURRENTLY OPEN IF THERE WILL BE PUBLIC TENDER OFFER AND INVESTMENT BY KKR IN CO OR ANY SUBSEQUENT CORPORATE STRUCTURAL MEASURES.LEGAL, TAX AND FINANCIAL FEASIBILITY STILL NEEDS TO BE REVIEWED IN DETAIL BY PARTIES INVOLVED.  Full Article

KKR Grows Real Estate Industrial Portfolio With Acquisition Of New Industrial Buildings
Monday, 13 May 2019 07:00am EDT 

May 13 (Reuters) - KKR & Co Inc ::KKR GROWS REAL ESTATE INDUSTRIAL PORTFOLIO WITH ACQUISITION OF NEW INDUSTRIAL BUILDINGS.KKR GROWS REAL ESTATE INDUSTRIAL PORTFOLIO WITH ACQUISITION OF NEW INDUSTRIAL BUILDINGS.KKR & CO INC - NEW INVESTMENTS INCREASE PORTFOLIO TO MORE THAN SEVEN MILLION SQUARE FEET.KKR & CO INC - NEW INVESTMENTS INCREASE PORTFOLIO TO MORE THAN SEVEN MILLION SQUARE FEET.KKR & CO INC - KKR IS MAKING INVESTMENT THROUGH ITS REAL ESTATE PARTNERS AMERICAS FUND II..  Full Article

HK-listed lamp maker NVC soars as KKR plans to take stake in China's business

HONG KONG NVC Lighting Holding Ltd shares are set to open 71.4% up after KKR & Co Inc said it planned to take a stake in the China lighting business of the lighting electronic products maker.