KKR delays listed fund merger again

The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.

Kohlberg Kravis Roberts, the global private equity firm, has extended the deadline for its proposed merger with Euronext-listed vehicle KKR Private Equity Investors, known as KPE.

Under a plan revealed in July last year the global firm intended to delist KPE, whose steep discount to net asset value and low trading volumes had disappointed its management team, prior to listing KKR in its entirety on the New York Stock Exchange.

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