Australia's Perpetual sells corporate, wealth businesses to KKR for $1.4b

Australia's Perpetual sells corporate, wealth businesses to KKR for $1.4b

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

Australia’s Perpetual said on Wednesday it would sell its corporate trust and wealth management businesses to global investment firm KKR & Co for A$2.18 billion ($1.44 billion).

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