NEW YORK, August 04, 2022--KKR, a leading global investment firm, and Loop Capital Markets ("Loop Capital"), a black owned and led investment bank, brokerage and advisory firm today announced a strategic alliance under which Loop Capital could independently offer investment banking and equity research capabilities to KKR’s equity capital markets (ECM) clients, which include private companies and private equity sponsors.
CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing, said on Thursday its net profit in the first six months rose 4.3%, helped by high energy prices, steady contributions from infrastructure businesses. "The group will continue to aim to achieve growth in recurring earnings and increase shareholder return while maintaining a strong financial position," Chairman Victor Li said in a statement. "Looking ahead to the second half of the year, the European businesses should continue to deliver robust performances similar to last year, while Asian operations are also expected to recover well," Li said, commenting on its retail business.
MINNEAPOLIS & NEW YORK, August 02, 2022--KKR, a leading global investment firm, today announced the signing of an agreement to sell Minnesota Rubber and Plastics ("MRP" or the "Company"), a leading provider of materials science-based elastomer and thermoplastic solutions, to Trelleborg Group ("Trelleborg"), a leader in engineered polymer solutions, in a transaction valued at approximately US$950 million.