KKR partners with BBVA and sells GeoStabilization International

KKR & Co. Inc. has recently partnered with BBVA to enhance decarbonization efforts, with BBVA committing $200 million to KKR's Global Climate Strategy. This initiative aims to facilitate large-scale investments that support the transition to a low-carbon economy. The collaboration will also focus on exploring new climate infrastructure investment opportunities, particularly in energy transition and electrification. Both firms intend to leverage their strengths to accelerate progress towards shared energy transition goals, emphasizing the importance of large asset managers and international banks in financing this transition. In a separate development, KKR announced the sale of GeoStabilization International to Leonard Green & Partners, although the financial details of the transaction remain undisclosed. Additionally, KKR and the Skip Essential Infrastructure Fund have finalized agreements to acquire a 74.25% stake in Queensland Airports Limited, also without disclosing the financial terms. Following these announcements, KKR shares experienced a slight decline of 0.21%, trading at $131.10.