Taiwan Blocks KKR’s $1.6B Yageo Deal

Taiwan regulators have rejected Kohlberg Kravis Roberts & Co.’s planned $1.6 billion joint buyout of component maker Yageo Corp., Reuters reported. Still, the buyout firm remains “fully committed to its investment” in Yageo, according to a statement on Wednesday by Orion Investment, a company jointly held by KKR and Yageo founder and Chief Executive Pierre T.M. Chen, Reuters reported. KKR initially invested in Yageo in 2007.

(Reuters) – Taiwan regulators on Wednesday rejected private equity fund Kohlberg Kravis Roberts & Co’s $1.6 billion joint buyout of component maker Yageo Corp, a source with direct knowledge of the situation said.

Further details were not immediately available. An official announcement is due later on Wednesday.

(Reporting by Argin Chang and Faith Hung; Editing by Jonathan Standing and Chris Lewis)