8th Jun 2015 16:38
LONDON (Alliance News) - Private equity firm Kohlberg Kravis Roberts & Co LLP is set to sell up to 21.6% of Pets at Home Group PLC, according to stock exchange documents on Monday.
In a statement, BofA Merrill Lynch, which is acting as bookrunner on the accelerated bookbuild placing, said KKR plans to sell up to 108.0 million shares.
The shares are equivalent to 46.8% of KKR's holding in the company.
Pets at Home shares closed up 1.1% at 278.82 pence on Monday.
By Samuel Agini; [email protected]; @samuelagini
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