In its first deal in China, KKR will buy a minority stake in Tianrui Cement through the investment vehicle Titan Cement for a total of $115 million. KKR has not released details of the stake, but sources close to the deal say that it is in ôthe upper end of minority holdings, namely a significant stakeö. The media has speculated that the stake is around 43%. KKR will also get board representation proportionate to its holding.
Simultaneously, International Finance Corporation will...
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