Exclusive: KKR shelves $2 billion sale of Singapore-based Goodpack due to market slump: sources

) has shelved a plan to sell Singapore-based Goodpack, which provides shipping containers and logistics services, after the coronavirus outbreak hit valuations, sources with knowledge of the matter said on Wednesday.

“Till about six weeks ago, bidders were interested and a deal looked likely but there’s a lot of uncertainty in the current environment,” said one of the sources. KKR acquired Goodpack for about S$1.4 billion in 2014 and delisted it from Singapore Exchange. Goodpack then changed senior management, expanded into new markets such as food and chemicals and set up offices in Europe and the United States.

anshumandaga Pakistan has reported approx 1,700 cases till now cases per million population 👇 CoronaVirusPakistan

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Disney exec Bob Iger, CEO Bob Chapek take salary cuts amid coronavirus - Business InsiderDisney's cost-savings measure comes as the media giant's stock slumps and operations face new hurdles due to the coronavirus pandemic.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »