KKR to be Preferred Bidder for Nissan Supplier Calsonic in $3.8B Deal

10/30/16

KKR & Co (KKR.N) is set to be the preferred bidder to buy Nissan Motor Cosupplier Calsonic Kansei Corp (7248.T) in a potential $3.8 billion deal, the Nikkei daily reported on Friday, without citing its sources.

Nissan (7201.T) plans to sell its 41 percent stake in Calsonic and then the U.S. private equity firm would seek the remaining shares from other shareholders, the newspaper said.

A Nissan spokesman said the reports were not based on any announcement by the automaker. A spokeswoman for KKR declined to comment.

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