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Sept 11 (Reuters) - USI Insurance Services said on Monday that existing shareholder KKR (KKR.N) plans to make a new equity investment of more than $1 billion to become the largest stakeholder.
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FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid//File Photo ...
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More than 50% of the USI shares held by CDPQ will be purchased as part of the transaction. CDPQ and KKR bought USI in 2017 from investment manager Onex for $4.3 billion, including debt.
Sept 11 (Reuters) - USI Insurance Services said on Monday that existing shareholder KKR KKR.N plans to make a new equity investment of more than $1 billion to become the largest stakeholder.
