KKR, an international investment institution, and NVC Lighting Holdings Limited announced the signing of a share purchase agreement. According to the agreement, KKR will enter into a strategic cooperation with NVC Lighting and acquire a majority stake in NVC Lighting's China lighting business at a stock consideration of about 794 million US dollars. Upon completion of the delivery, KKR will hold 70% of the shares of NVC China, and NVC Lighting will hold the remaining 30% of the shares, and receive cash consideration. KKR Group, headquartered in new york, is one of the most successful industrial investment institutions in financial history, not a state-owned enterprise.