KKR Is in Talks to Invest $500 Million in Freyr Battery
- Shares rise more than 10% on the Bloomberg News report
- Koch-backed Freyr misses quarterly earnings estimates Monday
This article is for subscribers only.
Freyr Battery SA is in talks with KKR & Co. Inc. about raising financing, according to people familiar with the matter, sending shares higher by more than 10%.
The Norwegian battery company is discussing raising $500 million from KKR, said one of the people, who asked to not be identified because the details are private. The company’s financing discussions could be disclosed as soon as this week, the people said.