Renewable Energy

KKR to sell Korea-based KCFT to SK Group affiliate for $1 bln

Credit: REUTERS/Thomas White

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).

June 12 (Reuters) - U.S. private equity investor KKR & Co Inc KKR.N 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.

($1 = 1,184.9800 won)

(Reporting by Sathvik N in Bengaluru; editing by Gopakumar Warrier)

((Sathvik.N@thomsonreuters.com; +1-646-223-8780, outside N.America, +91-80-6749-2783; Reuters Messaging: Reuters Messaging: Sathvik.N.thomsonreuters.com@reuters.net))

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