Economics

US firm KKR to buy stake in Chinese appliance giant

US firm KKR to buy stake in Chinese appliance giant (via AFP)

US investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy a 10 percent share in China’s biggest appliance maker Qingdao Haier, in its biggest investment in the country. KKR will pay about $556 million for the stake, which the two companies…

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