U.S. Markets open in 9 hrs 21 mins

KKR to take majority stake in NVC Lighting's China business

(Reuters) - KKR & Co Inc said on Sunday it would take a majority stake in NVC Lighting Holding Limited's China Lighting Business for a total equity value of about $794 million.

NVC Lighting will continue to own 30% of the China Lighting Business and receive a cash consideration through the joint venture with KKR, the U.S. private equity investor said.




(Reporting by Rishika Chatterjee in Bengaluru; Editing by Kirsten Donovan)