KKR hands Morgan Stanley third IPO mandate

Kohlberg Kravis Roberts has awarded its third flotation mandate in a year to Morgan Stanley. The bank will run the book for KKR's $1.5bn (€840m) flotation of a buy-out fund on Amsterdam's Euronext exchange with Citigroup and Goldman Sachs.

Morgan Stanley managed KKR's flotation of French electrical equipment maker Legrand earlier this month.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached