KKR said to raise $299m paring stake in China’s Qingdao Haier

An employee pushes a cart carrying Haier Electronics Group Co. compact refrigerators inside a Lowe's Cos. store in Burbank, California, U.S., on Friday, May 19, 2017. Photographer: Patrick T. Fallon/Bloomberg

KKR & Co. raised about $299 million selling part of its stake in Chinese home-appliance maker Qingdao Haier Co., according to a person with knowledge of the matter.

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