KKR in talks to buy Singapore abalone farmer Oceanus - sources
SINGAPORE/HONG KONG, April 29 |
SINGAPORE/HONG KONG, April 29 (Reuters) - Kohlberg Kravis Roberts & Co is in talks to buy Singapore-listed abalone farmer Oceanus Group Ltd in a deal that may be worth around $500 million, three sources with direct knowledge of the matter told Reuters.
Private equity firm KKR has lined up financing of $300-400 million from a group of banks, according to one of the sources.
KKR and Oceanus declined to comment. (Reporting by Charmian Kok and Stephen Aldred; Editing by Denny Thomas and Muralikumar Anantharaman)
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