KKR, Wendel Plan to Sell Stake in Legrand

Buyout shop Kohlberg Kravis Roberts & Co. and France's Wendel Investissement plan to sell a 15% stake in French electronics company Legrand, Reuters reported. Kohlberg Kravis Roberts & Co. will sell 18.7 million shares and Wendel will part with 21.3 million shares. Following the deal, the two firms will will jointly own about 21.3 percent of Legrand's share capital, Reuters said.

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