KKR is investing $400m into China’s largest chicken producer as the buyout group continues to pursue investment themes that match Beijing’s interests.
Improving food safety is a priority for the Chinese government after a string of scandals. Last month a supplier to KFC and McDonald’s was accused of providing rotting meat.
The deal will give KKR 18 per cent of Fujian Sunner Development, the country’s largest breeder, processor and supplier of chicken products. It was not immediately clear if the funds represented fresh equity or a stake sale.
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