KKR Increases Copper Bet as Rout `Good Time' to Buy OZ Stake

  • OZ has Australia's biggest undeveloped copper deposit
  • Copper long-term outlook attractive on supply constraints

KKR & Co., the private equity firm run by billionaires Henry Kravis and George Roberts, raised its stake in OZ Minerals Ltd., owner of Australia’s biggest undeveloped copper deposit, seizing on a commodities rout that’s sent prices tumbling. The producer’s shares rose the most in 14 years.

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