Aug 7 (Reuters) - KKR & Co Inc ( KKR ):

* KKR TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL TO SUPPORT

LONG-TERM GROWTH; FGS TO BECOME STANDALONE COMMUNICATIONS AND

PUBLIC AFFAIRS CONSULTANCY

* KKR & CO INC ( KKR ) - FGS VALUED AT $1.7 BILLION

* KKR & CO INC ( KKR ) - TRANSACTION EXPECTED TO CLOSE BY YEAR-END

* KKR & CO INC ( KKR ) - TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL

* KKR: AS A RESULT OF THE TRANSACTION, THE EQUITY INTEREST

OF

FGS'S OVER 500 EMPLOYEE SHAREHOLDERS WILL BE APPROXIMATELY 26%

OF THE COMPANY

* KKR- FGS WILL CONTINUE TO BE A PARTNER-LED FIRM, MANAGED

BY

EXISTING LEADERSHIP TEAM.

* KKR: TO ACQUIRE MAJORITY POSITION IN FGS GLOBAL

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