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    Home»Private Equity Professionals»Spark Infra to open books to KKR consortium after sweetened $3.8 bln bid Reuters
    Private Equity Professionals

    Spark Infra to open books to KKR consortium after sweetened $3.8 bln bid Reuters

    July 31, 2021Updated:July 31, 20211 Min Read
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    Henry Kravis, CEO of Kohlberg Kravis Roberts and Co, jspaeks at a media briefing in Hong Kong, on Monday, September 16, 2013. Photographer: Jessica Hromas/ Bloomberg
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    Spark Infrastructure (SKI.AX) on Wednesday agreed to open its books to a consortium that includes private equity giant KKR & Co Inc (KKR.N) after the group tabled a third buyout offer, valuing the Australian electricity infrastructure investor at A$5.13 billion ($3.78 billion).

    The offer, the latest in a flurry of buyout bids in Australia this year, comes nearly two weeks after Spark rejected the consortium’s previous proposal.

    The company considers it would be in the interest of security holders to engage further with the group, Spark said in a statement.

    Spark said it had agreed to provide the consortium with due diligence on a “non-exclusive basis”.

    Read more/Source: Reuters

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    deals and transactions KKR peinsider Private Equity Private Equity Professionals
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