KKR & Co. Inc. (NYSE:KKR) is in talks to acquire renewable-energy producer Encavis AG (XTRA:ECV) in a deal that could value the German company at more than ?2 billion ($2.2 billion), according to people familiar with the matter. The buyout firm is in advanced negotiations on terms of a potential transaction, the people said, asking not to be identified because discussions are private.

KKR could reach a deal as soon as next week, according to the people. Encavis confirmed in a statement on March 6, 2024 that it has been in contact with KKR regarding a potential transaction, without providing details. ?As the talks are at an early stage, there can be no assurance that a potential transaction will be proposed or consummated,?

Encavis said in the statement.