KKR & Co. Inc. shares fall 2.45% intraday after TPG completes sale of Samhwa to KKR.

KKR & Co. Inc. declined 2.45% in intraday trading. The company completed the acquisition of Samhwa Co., Ltd., a South Korean cosmetics packaging company, from TPG at a valuation of KRW733 billion (~US$528 million). This acquisition could be seen as a strategic move to expand KKR's portfolio in the cosmetics industry, potentially leading to future growth opportunities. However, the market may have reacted negatively due to concerns over the valuation or integration challenges.