KKR (KKR), PAG, and Sapporo Holdings said Wednesday that funds managed by KKR and PAG have struck agreements to buy 100% of Sapporo Real Estate shares from Sapporo.
Financial details weren't disclosed.
Under the terms, KKR and PAG will close the acquisition over three years, with the acquisition of the first tranche anticipated to be completed on June 1, the companies said, adding that the first tranche will represent a 51% ownership.
Sapporo Holdings oversees and manages businesses in the alcoholic beverages, food and soft drinks, and real estate industries.
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