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KK Group will be sold to investment fund Solix

The Danish-Swedish investment company Solix will become the new owner of KK Group. The goal is to speed up the company's global expansion.

After more than 30 years with the same majority owner, KK group now has a completely different ownership structure. Investment company Solix, whose other assets include fiber cement manufacturer Cembrit and spare part manufacturer Hoyer, will be the primary owner of KK Group. The new acquisition was announced by KK Group in a press release. The sale price has not been revealed, but Danish business daily Børsen reports Friday that the company has a worth of DKK 1 billion (EUR 130 million)

This means a farewell to pension fund PKA which has been the main owner of KK Group since 1983, and investment fund Maj Invest Equity, which has been co-owner since 2010.

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