KKR, GIC hire banks to sell stakes in $3.2 bln Metro Pacific Health, sources say

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

SINGAPORE: KKR & Co and Singapore sovereign wealth fund GIC have appointed Bank of America , Jefferies and UBS to sell their majority stake in the Philippines' Metro Pacific Health in a deal that could value the company at $3.2 billion, three people with knowledge of the matter said.

A sale process could start as early as the fourth quarter of this year, or the first quarter of 2025, one of the people said.