Stock Groups

KKR to buy UK-based ContourGlobal for $2.2 billion -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Buying and selling info for KKR & Co is displayed on a display screen on the ground of the New York Inventory Alternate (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) – KKR & Co (NYSE:) has agreed to purchase London-listed energy technology agency ContourGlobal for 1.75 billion kilos ($2.16 billion), because the U.S. private-equity agency seeks to develop its energy and infrastructure portfolio.

KKR pays 263.6 pence for every share of ContourGlobal share, a 36% premium to the corporate’s closing share value on Monday.

($1 = 0.8089 kilos)

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