UPDATE 1-KKR strikes deal to restructure German car repair chain ATU

Newswire

* KKR shareholding will drop to about 3 pct * ATU receives 100 million euros in fresh equity * Debt decreased by 80 pct to 150 million euros FRANKFURT, Dec 5 (Reuters) - Private equity group KKR has struck a deal to restructure the debt of loss-making German car repair chain Auto-Teile Unger (ATU), drawing a line under an ill-fated investment. The companies have agreed on a debt-for-equity swap with ATU's main creditors, credit ...

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