Market Chatter: KKR to Gradually Exit TSMC Supplier LCY

MT Newswires Live
07/23

KKR is planning to gradually sell its stake in LCY Group, according to a report by Bloomberg, citing LCY chairman Bowei Lee.

The specialty chemicals maker, which counts TSMC (TPE:2330) and Intel as its clients, was acquired by KKR for around NT$47.8 billion in 2019, the report said.

Lee declined to disclose the identity of a potential buyer but revealed the exit will allow the company to pursue a more aggressive growth strategy, the report added.

The company has been seeking $874 million in loans for capital expenditure, the report noted, citing a person familiar with the matter.

LCY did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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