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Thursday, April 28, 2011

KKR in talks to purchase Singapore abalone farmer Oceanus - sources

Kohlberg Kravis Roberts & Co is in talks to buy Singapore-listed abalone farmer Oceanus Group Ltd in a deal that may be worth around $500 million, three sources with direct knowledge of the matter told Reuters. Private equity firm KKR has lined up financing of $300-400 million from a group of banks, according to one of the sources.

Source