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LS Group has decided to sell its entire 100% stake in LS Automotive Corp., an automotive electronic parts maker, to private equity firm KKR & Co. for approximately 1 trillion won ($884 million) on an enterprise value basis.
KKR & Co. L.P. completed the acquisition of a 74.9% stake in the defence electronics business from Airbus Defence and Space GmbH for €1.1 billion. The deal was announced on March 18, 2016, and closed on February 28, 2017. Airbus retains a 25.1% minority stake.