KKR & Co LP (NYSE:KKR) plans to launch a sales process for its 7 billion pound recycling group Viridor next month, and could draw interest from suitors including CK Hutchison Holdings Ltd (HK:0001) and Equitix, the Financial Times reported on Wednesday.
KKR could also draw other bidders for Viridor, amid strong demand for infrastructure assets, the FT report said, citing people familiar with the matter.
KKR had purchased Viridor from the UK’s Pennon (LON:PNN) Group in 2020 for 4.2 billion pounds, during the height of the COVID-19 pandemic.
Hong Kong’s CK Hutchison is one of the largest owners of UK infrastructure assets through its infrastructure unit, with stakes in Northumbrian Water and UK Power Networks.
Source
https://www.investing.com/news/stock-market-news/kkr-to-launch-viridor-sale-next-month-with-bidders-including-ck-hutchison-ft-4187070
