Kohlberg Kravis Roberts has offloaded half of the equity in South Korea’s Oriental Brewery just weeks after agreeing a $1.8bn (£1.11bn) takeover of the company.
The US private equity firm has reportedly struck a deal to hand a 50% stake in Oriental to Affinity Equity Partners, an Asia-focused private equity fund, in return for a payment of $400m.
KKR acquired the brewery from Anheuser-Busch InBev in May, fighting off competition from a local strategic buyer and rival private equity firms.
