KKR to buy UK-based ContourGlobal for $2.2 bln

Reuters
2022.05.17 06:21
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May 17 (Reuters) - KKR & Cohas agreed to buy London-listed power generation firm ContourGlobal (GLO.L) for 1.75 billion pounds ($2.16 billion), as the U.S. private-equity firm seeks to expand its power and infrastructure portfolio. KKR will pay 263.6 pence for each share of ContourGlobal share, a 36% premium to the company’s closing share price on Monday. ($1 = 0.8089 pounds)

May 17 (Reuters) - KKR & Co (KKR.N) has agreed to buy London-listed power generation firm ContourGlobal (GLO.L) for 1.75 billion pounds ($2.16 billion), as the U.S. private-equity firm seeks to expand its power and infrastructure portfolio.

KKR will pay 263.6 pence for each share of ContourGlobal share, a 36% premium to the company’s closing share price on Monday. ($1 = 0.8089 pounds)

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