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© Reuters. Buying and selling info for KKR & Co is displayed on a display screen on the ground of the NYSE in New York

(Reuters) – U.S. personal fairness investor KKR & Co Inc stated on Wednesday it’s promoting Korea-based KCF Applied sciences (KCFT) to SKC, an affiliate of South Korean conglomerate SK Group, for 1.19 trillion gained ($1 billion).

KKR purchased KCFT, which makes foils and versatile copper clad laminates utilized in lithium-ion batteries for electrical automobile functions, from its Asian Fund III in 2017.

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