KKR to Acquire Redeemable Convertible Preferred Stock in SK E&S Kohlberg & Kravis Roberts (KKR) will invest in redeemable convertible preferred stock (RCPS) newly issued by SK E&S, a Korean energy company. KKR recently announced that it has signed a contract to acquire newly issued RCPS by SK E&S. This contract is KKR’s second investment following its first investment in RCPS issued by SK E&S in November last year. SK E&S is known to have secured KRW 735 billion in funds by issuing 1.25 million shares of RCPS through KKR. This will enable SK E&S to become a global eco-friendly energy solution company. In addition to this, the investment will […]