KKR & Co. L.P. (NYSE: KKR) captures the German market as Bank of America Corporation (NYSE: BAC) looks down

Bank of America Corporation stocks were under sell-out

In brief: KKR & Co. L.P. (NYSE: KKR) may increase its stake in German Anzag. At the same time, Bank of America Corporation (NYSE: BAC) shares are rapidly losing value.

Shares of financial groups and banks are getting cheaper today. Bank of America Corporation (NYSE: BAC) dropped to 12.81 points, losing -0.21 (-1.57%). KKR & Co. L.P. (NYSE: KKR) shares fell to 10.38 points, losing -0.04 (-0.38%).

It should be kept in mind that the KKR private equity firm may increase its stake in German Andreae-Noris Zahn. The purpose of KKR is to promote its British division of Alliance in the German wholesale market. It is reported that Celesio, Europe’s largest distributor of pharmaceuticals, announced plans to sell in the current year its 12.5% stake in Anzag for approximately 33 million euros ($ 42 million).

Igor Tringlers
2010-08-20 18:25, Economics.

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