PE giant KKR to buy remaining 37% stake in insurer Global Atlantic for $2.7b

PE giant KKR to buy remaining 37% stake in insurer Global Atlantic for $2.7b

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

KKR & Co said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal.