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.

Most Read from Bloomberg

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.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

Source link

Related Articles

Latest Articles