KKR & Co. Inc. (NYSE:KKR) agreed to acquire 16.5% stake in TSK Corporation from Huvis Corporation (KOSE:A079980) for approximately KRW 190 billion on October 16, 2020. Under the terms of the transaction, the buyer will acquire 0.16 million shares of TSK.

Upon completion, Huvis will no longer hold any stake in TSK. The transaction was approved by the Board of Directors of Huvis and is expected to complete on December 31, 2020. As reported on December 17, 2020, the transaction is expected to close on December 17, 2020.