KKR To Sell Infinity Transportation To Ares Infrastructure Equity And Ares Insurance Solutions Funds For Enterprise Value Of ~$2.9B
KKR & Co. Inc. (NYSE:KKR) and Ares Management Corporation (NYSE:ARES) ("Ares") today announced a definitive agreement under which KKR will sell Infinity Transportation ("Infinity" or the
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Why It Matters
KKR is selling a transportation company called Infinity to Ares for about 2.9 billion dollars. When big companies sell off pieces, it can mean they found better ways to use their money elsewhere.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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