date:Aug 27, 2014
Private equity giant KKR Co LP has made its fourth food safety-linked investment in China, agreeing to buy 18 percent of chicken producer Fujian Sunner Development Co Ltd for $400 million, the two firms said on Tuesday.
The deal comes as food safety scandals plague the country. U.S. food maker Heinz apologised to Chinese consumers last week and said it would tighten controls over suppliers after it was forced to recall some infant cereal from store shelves due to excess levels of lead.
KKR's