KKR proposes to buy S.Korea Mando for $1.3 bln-paper

Newswire

SEOUL, Dec 27 (Reuters) - U.S. private equity firm Kohlberg Kravis Roberts (KKR) [KKR.UL] has proposed to buy South Korean car part maker Mando Corp for $1.3 billion after years of stalled talks, a local newspaper reported. Korea Economic Daily said in its early Friday edition that KKR joined the race for Mando, offering 1.2 trillion won ($1.28 billion) or more for the maker of brake and steering systems. KKR may form a consortium with other investors to buy Mando, the daily said, citing ...

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