India, June 19 -- Kohlberg Kravis Roberts & Co. L.P., affiliated to Investment firm KKR & Co. Inc. (KKR), Thursday issued an update regarding its agreement to acquire specialist healthcare property investor and developer Assura plc (ARSSF,AGR.L). The proposed acquisition has now received merger control clearance from the European Commission.
The company added that the only regulatory condition that remains outstanding as of now is in respect of foreign direct investment in Ireland.
Last week, Sana Bidco Ltd., owned by funds advised by KKR as well as Stonepeak Partners LP, reached a takeover agreement with Assura on a sweetened cash offer of around 1.7 billion pounds or $2.29 billion.
The Consortium Offer from Sana Bidco for Assura shareh...