KKR to Invest $820 Million in South Korean Firm Samsung SDS
Samsung SDS shares rose 20 percent on Tuesday after KKR agreed to buy $820 million in convertible bonds. The investment supports the firm's global AI growth.
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Global investment firm KKR & CO INC has reached an agreement to purchase $820 million in newly issued convertible bonds from SAMSUNG SDS CO LTD, an IT solutions provider based in South Korea. Following the announcement on Tuesday, shares of the Seoul-listed company surged as much as 20.8%, reflecting strong investor confidence in the strategic partnership.
