KKR buys out Ocean Yield for $833m
Private equity firm offers to buy all Oslo-listed Ocean Yield shares for $4.73 per share, subject to price adjustments. The offer is at a 26% premium to Friday’s closing price
‘Given the long-term capital requirements of the shipping sector, including in the context of the structural trend towards decarbonisation, KKR believes that a private setting will provide Ocean Yield with improved access to capital’
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