KKR, SK Finalize $1.3B Korea Renewable Energy Platform Launch
KKR is trading near its 52-week low of $82.67 (11% above the low).
Summary
KKR and SK have signed definitive agreements to launch a $1.3 billion renewable energy platform in Korea. This expands KKR's investment in the growing renewable energy sector and strengthens its footprint in the Asian market. The deal follows a period of significant strategic activity for KKR, including a $4.2 billion acquisition of EDF Power Solutions' North American operations announced earlier today and the close of a $23 billion private equity fund in April.
At the time of this announcement, KKR was trading at $91.75 on NYSE in the Finance sector, with a market capitalization of approximately $82.4B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.