KKR KO'd from Samsung Life

World''s largest buyout firm loses its bid for first Asian investment.

Three proved to be an unlucky number for creditors of Samsung Life, with the sale of debt to an international bidder falling over again. For the third time in 2005, creditors have blocked the sale of the $2.43 billion stake in Samsung Life, easily South Korea's largest life insurer, in the face of Korean insurance regulations.

This time it was the bid by Kohlberg Kravis Roberts Co. KKR that failed in the face of local regulations...

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