KKR Partially Exits CICC for US$100 Million (Asia)

Source(s): Asia Private Equity Review

Global alternative investment firm KKR has reportedly reduced its stake in Hong Kong Stock Exchange-listed investment bank China International Capital Corporation (CICC) through a partial share disposal totaling HKD780 million (approximately US$100 million). Following completion of the exit, KKR will continue to hold a 2.2 percent stake in CICC.