KKR invests in chicken producer

Leading global investment firm KKR & Co LP is making a series of investments in China's consumer sector, seizing opportunities related to the nation's food quality.

Its latest move is spending $400 million on an 18 percent stake in Shenzhen-listed Fujian Sunner Development Co Ltd, a leading vertically integrated chicken producer, according to a statement by KKR on Tuesday.

KKR (formerly known as Kohlberg Kravis Roberts & Co) and Sunner will form a strategic partnership to expand the Chinese company's operations in providing safe and high-quality chicken products to consumers, according to the statement.