Friday, April 29, 2011

KKR in talks to buy Singapore abalone farmer Oceanus

Kohlberg Kravis Roberts & Co (KKR.N) is in talks to buy Singapore-listed abalone farmer Oceanus Group (OCGL.SI) in a deal that may be worth around US$500 million ($613.7 million), three sources with direct knowledge of the matter told Reuters.

Private equity firm KKR has lined up financing of US$300-400 million from a group of banks, according to one of the sources.
 
KKR and Oceanus declined to comment.
 

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