Former Reporter

Global buyout firm Kohlberg Kravis Roberts has agreed to buy SBB Telemach, a telecommunications company based in the former Yugoslavia, from central Europe-focused Mid Europa Partners in a deal worth approximately €1 billion, according to two people familiar with the matter.

The deal, which was announced Tuesday, marks the US firm's first in the region.

The buyout giant agrees to buy SBB Telemach from central Europe-focused Mid Europa Partners in its first deal in the former Yugoslavia

Dan Dunkley

Credit Suisse

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