KKR Taps Banks to Help With Hensoldt Float, Sources Say -Reuters

Date : 10/15/2019 @ 8:23PM
Source : Dow Jones News
Stock : Bank of America Corporation (BAC)
Quote : 34.71  -0.01 (-0.03%) @ 12:59AM
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Last $ 34.65 ▼ -0.06 (-0.17%)

KKR Taps Banks to Help With Hensoldt Float, Sources Say -Reuters

KKR (NYSE:KKR)
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--KKR & Co. Inc. (KKR) has tapped J.P. Morgan and Bank of America to help it with a stock market flotation of German defense company Hensoldt, Reuters reported Tuesday, citing "people close to the matter."

--The deal, which could see 20% to 30% of the German company listed on the Frankfurt stock exchange, may take place in the second quarter of next year and could value Hensoldt at around $2.2 billion, the report said.

--KKR, J.P. Morgan and Bank of America either declined comment or had no immediate comment, the report said.

 

Full story: https://www.reuters.com/article/us-hensoldt-sale/kkr-mandates-banks-for-defense-supplier-hensoldts-ipo-sources-idUSKBN1WU2B6

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 15, 2019 16:08 ET (20:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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