KR & Co. raised about USD 299 million selling part of it is stake in Qingdao Haier. The shares were sold at 16.27 yuan each, according to terms for the deal obtained by Bloomberg, which did not identify the seller.

The sale was priced on November 9 and executed a day later, the terms show. The final price represents a 10 percent discount to Qingdao Haier’s November 8 close. Shares of Qingdao Haier fell as much as 2.8 percent on Goldman Sachs Group Inc. was sole placing agent for the sale, according to the terms. A Tokyo-based representative for KKR declined to comment. KKR agreed to buy a 10 percent stake in Qingdao Haier in 2013 for 3.38 billion yuan (USD 509 million). It purchased the Chinese company’s shares for 11.29 yuan each, according to a Shanghai exchange filing at the time. – Bloomberg Quint