WASHINGTON (dpa-AFX) - KKR (KKR) announced that KKR has acquired an approximate 12.64% stake in PT Nippon Indosari Corpindo Tbk., Indonesia's leading mass market bread company.
KKR makes its investment from its Asian Fund III.
Ms. Wendy Yap, Founder, President Director & Chief Executive Officer of Indosari, said, 'We are very pleased to welcome KKR as an investor in Indosari. We believe Indosari will benefit from KKR's knowledge and experience in the consumer sector and look forward to drawing on their longstanding expertise and full support to accelerate the growth of the business and position the company for long-term success.'
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