Weichai Power invests in Kion
Source: Bloomberg News |
September 1, 2012, Saturday
|
Print Edition
Print Edition
WEICHAI Power Co, the world's biggest maker of heavy-duty engines, has agreed to invest 738 million euros (US$925 million) in forklift maker Kion Group GmbH in the biggest Chinese investment in a German company.
Kion, which is owned by KKR & Co and Goldman Sachs Group Inc, will sell a 25 percent stake to the engine maker for 467 million euros of new shares, according to a statement yesterday. The Chinese company will also buy 70 percent of Wiesbaden-based Kion's hydraulics unit for 271 million euros. Weichai Power will gain a stake in the world's second-biggest maker of industrial trucks as a Chinese construction slowdown damps demand for its bulldozer engines.
Kion, which is owned by KKR & Co and Goldman Sachs Group Inc, will sell a 25 percent stake to the engine maker for 467 million euros of new shares, according to a statement yesterday. The Chinese company will also buy 70 percent of Wiesbaden-based Kion's hydraulics unit for 271 million euros. Weichai Power will gain a stake in the world's second-biggest maker of industrial trucks as a Chinese construction slowdown damps demand for its bulldozer engines.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
