KKR to acquire a 49% stake in Reintel from Red Eléctrica Group for $1.1bn.

KKR agreed to acquire a 49% stake in Reintel, a dark fibre infrastructure operator, from Red Eléctrica Group, an electricity transmission lines holding company, for $1.1bn. “Following an extremely thorough research process, we are delighted to have reached an agreement with KKR, which will be a highly prestigious, long-term strategic partner to the Group going forward. This agreement clearly underscores the value of the Group’s telecommunications activity and will support its future development, reinforcing the essential services we provide to society," Roberto García Merino, Red Electrica Group CEO.