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Apax Partners To Sell Majority Interest In Boasso Global To KKR For Undisclosed Terms
(RTTNews) - Funds advised by Apax Partners LLP and global investment firm KKR & Co. (KKR) announced Thursday the signing of a definitive agreement under which the Apax Funds will sell their majority interest in Boasso Global, Inc. to KKR.
Boasso provides mission-critical logistics services to the global chemical and food grade supply chains through a network of 34 strategically located depots across North America and Western Europe.
KKR is making the investment in Boasso through its KKR Global Infrastructure Investors IV fund, which focuses on critical infrastructure investments in North America and Western Europe. Financial terms of the transaction were not disclosed.
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KKR To Invest $750 Mln In London-based Zenobe
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TIM Group Announces Non-binding Offer From KKR For Stake In Company
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KKR Boosts Investment In NetSPI With $410 Mln In New Funding
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Australian Market Slashes Early Losses In Mid-market
The Australian stock market is slashing its early losses in mid-market trading on Monday, but extending the losses in the previous four sessions, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,850 level, with weakness in materials stocks partially offset by gains in energy, financial and technology stocks.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as a temporary tariff truce materialized between the U.S. and China wherein China agreed to buy more U.S. energy. This gave fresh optimism about smooth trade relations between the two major oil consumers of the world. Asian markets closed mixed on Friday.
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