BRIEF-KKR To Form Strategic Partnership With NVC Lighting And Acquire Majority Interest In NVC China

Aug 11 (Reuters) - KKR & Co Inc:

* KKR TO FORM STRATEGIC PARTNERSHIP WITH NVC LIGHTING AND ACQUIRE MAJORITY INTEREST IN NVC LIGHTING’S CHINA LIGHTING BUSINESS

* NVC LIGHTING WILL OWN 30% OF NVC LIGHTING'S CHINA LIGHTING BUSINESS THROUGH JOINT VENTURE WITH KKR

* NVC LIGHTING BOARD DECLARES A SPECIAL DIVIDEND NOT LESS THAN HK$0.9 PER SHARE TO BE PAID UPON CLOSING OF TRANSACTION

* KKR & CO- TO SET UP STRATEGIC PARTNERSHIP WITH NVC LIGHTING AND ACQUIRE MAJORITY INTEREST IN NVC LIGHTING'S CHINA LIGHTING BUSINESS FOR TOTAL EQUITY VALUE OF ABOUT $794 MILLION

* FOLLOWING COMPLETION OF TRANSACTION, KKR WILL OWN 70% OF NVC CHINA Source text for Eikon: Further company coverage: