2 Oct 2013

US investment firm buys into Haier

11:55 am on 2 October 2013

A United States investment firm has bought 10% of the Chinese whiteware firm, Haier, which now owns Fisher & Paykel Appliances.

Kohlberg Kravis Roberts will pay more than $US500 million for the stake in China's biggest appliance maker.

Haier took over the New Zealand whiteware maker almost a year ago for $NZ 927 million.