Deals
KKR to Take $250 Million Stake in Vietnam's Masan and Unit
- KKR Invests $150 million for 7.5% Stake in Masan Nutri-Science
- KKR investment to help cement six-year partnership with Masan
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KKR & Co. is investing $250 million in Vietnam’s food and beverage company Masan Group Corp. and its unit to help boost their competitiveness in the country’s $18 billion meat industry.
KKR will pay $150 million for a 7.5 percent stake in Masan Nutri-Science, Masan Group’s meat-producing business, the companies said in a statement. The New York private-equity firm will provide the support of its global network and team to Masan Nutri-Science as it accelerates its strategy to build the meat business in Vietnam, it said. KKR will also buy $100 million of Masan Group’s shares from PENM Partners.