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KKR invests $2 billion in South Korean energy firm SK E&S -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: 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

(Reuters) – Investment firm KKR & Co (NYSE:) Inc said on Friday it has bought 2.4 trillion won ($2.03 billion) worth of newly issued redeemable convertible preferred shares of South Korean energy company SK E&S Co Ltd.

SK Group conglomerate member SK E&S will use the funding to accelerate its growth, KKR said, adding that the investment was made from its Asia Pacific infrastructure fund.

(1.184.5000 won = $11)

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