- Blues beat Bruins to clinch maiden Stanley Cup title
- KKR to sell Korea-based KCFT to SK Group affiliate for $1 billion
- New Zealand massacre suspect set to enter pleas, face new terrorism charge
- How this Indian hotel chain plans to conquer the China market
- CBS News asks Facebook to remove "deep fake" video of Mark Zuckerberg
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
June 13, 2019
(Reuters) – U.S. private equity investor KKR & Co Inc said on Wednesday it is selling Korea-based KCF Technologies (KCFT) to SKC, an affiliate of South Korean conglomerate SK Group, for 1.19 trillion won ($1 billion).
KKR bought KCFT, which makes copper foils and flexible copper clad laminates used in lithium-ion batteries for electric vehicle applications, from its Asian Fund III in 2017.
(Reporting by Sathvik N in Bengaluru; editing by Gopakumar Warrier)