Saturday, July 20, 2024

KKR Plans to Sell Half Its Kokusai Electric Stake, Reuters Says


(Bloomberg) — Private equity firm KKR & Co. plans to sell about half of its stake in newly listed Japanese semiconductor equipment maker Kokusai Electric Corp., Reuters said, citing two people familiar with the matter.

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Shares in the maker of deposition equipment have more than tripled since they debuted in October. KKR holds around 43% of Kokusai’s shares, Reuters said.

Representatives of KKR and Kokusai Electric declined to comment.

The former Hitachi Ltd. operations have been buoyed by a tide of investor interest in artificial intelligence-supporting hardware and infrastructure.

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