KKR to buy UK-based ContourGlobal for $2.2 billion

2022.05.17 09:56

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) – KKR & Co (NYSE:KKR) has agreed to buy London-listed power generation firm ContourGlobal for 1.75 billion pounds ($2.16 billion), as the U.S. private-equity firm seeks to expand its power and infrastructure portfolio.

KKR will pay 263.6 pence for each share of ContourGlobal share, a 36% premium to the company’s closing share price on Monday.

($1 = 0.8089 pounds)

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