KKR Plans to Combine BHP, Rio Tinto Diamond Assets, Times Says
KKR is leading bids in a $750 million auction of BHP’s Ekati diamond mine in Canada after other suitors, including Apollo Global Management LLC (APO) and Gem Diamonds Ltd. (GEMD), dropped out of the sales process, the newspaper said. Harry Winston Diamond Corp. (HW) and Stornoway Diamond Corp. remain in the running, the Sunday Times reported.
KKR appointed Brian Menell to advise on its plans, according to the newspaper
A spokeswoman for KKR declined to comment when reached by phone today.
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