date:Aug 28, 2014
Kohlberg Kravis Roberts (KKR), a US-based private equity investment firm, has agreed to acquire 18% stake in Chinese chicken meat producer Fujian Sunner Development for around $400m.
A definitive agreement to this effect was signed between KKR and Fujian Sunner.
The move forms a part of KKR's commitment to meet the growing demand in China for a safer and more secure food supply.
Under the agreed terms, KKR and Fujian Sunner will form a strategic partnership to expand the latter's operations t