The alternative to this is that the debt funding from the CIB might mean that KPO sells less than 50% of KDP thus leaving more upside to KPO holders given that they would need $40m in equity vs $58m without the CIB debt funding. Better to sell 34.5% of KDP than 50%
KPO Price at posting:
0.4¢ Sentiment: None Disclosure: Held
