KKR to Invest US$400 Million in Chicken Meat Producer Fujian Sunner Development (Asia)

Source: KKR & Co.

Global investment firm KKR & Co. has signed an agreement to acquire an 18 percent stake in Shenzhen-listed chicken meat producer Fujian Sunner Development for approximately US$400 million. Sunner operates as a breeder, processor and supplier of chicken products, providing fresh and frozen chicken to China's fast food and food manufacturing industries, and wholesale meat markets.