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Investing

KKR invests $2 billion in South Korean energy firm SK E&S

KKR invests $2 billion in South Korean energy firm SK E&S 1

(Reuters) – Investment firm KKR & Co Inc said on Friday it has bought 2.4 trillion won ($2.03 billion) worth of newly issued redeemable convertible preferred shares of South Korean energy company SK E&S Co Ltd.

SK Group conglomerate member SK E&S will use the funding to accelerate its growth, KKR said, adding that the investment was made from its Asia Pacific infrastructure fund.

($1 = 1,184.5000 won)

(Reporting by Bhargav Acharya in Bengaluru; Editing by Shounak Dasgupta)

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