WASHINGTON (dpa-AFX) - Private-equity giant Kohlberg Kravis Roberts & Co. L.P. (KKR) announced that it agreed to acquire a 10% stake in home appliance manufacturer Qingdao Haier Co., Ltd, establishing a long-term strategic partnership to collaborate on multiple areas.
The transaction is subject to customary regulatory and shareholder approvals. For more details on this transaction, please refer to Qingdao Haier's share placement plan.
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