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KKR, PAG Reportedly Mulling to Buy HKBN
KKR and PAG are weighing to acquire HKBN (01310.HK), having engaged financial advisors and carried out due diligence on the company, Bloomberg cited people familiar with the matter. However, the deal is still at the initial stage and there is no guarantee an offer will be made.
Major shareholders of HKBN include private equity funds TPG and MBK Partners. With a market cap of about $12.6 billion, the company has had a largely flattish share price year to date.
AAStocks Financial News
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