NEW YORK (Agefi-Dow Jones)–KKR stock rose 1.8% on Thursday in early trading on the New York Stock Exchange, after the investment firm announced it was buying $2 billion from the Japanese real estate investment joint venture of Mitsubishi and UBS Asset Management. The acquired company, Mitsubishi-UBS Realty, is one of Japan’s largest real estate fund managers with $15 billion in assets and management of two Tokyo Stock Exchange-listed real estate companies. KKR stressed that this takeover allowed it to strengthen its presence in Japan and expand its real estate business globally. The transaction is expected to close in April, according to KKR.
-Steve Gelsi, Marketwatch (French version Jérôme Batteau) ed: LBO
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March 17, 2022 10:47 ET (14:47 GMT)