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US firm KKR to buy stake in Chinese appliance giant

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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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