The Shandong Heavy negotiations stake KION German forklift manufacturer

The Shandong Heavy negotiations stake KION German forklift manufacturer
Chris Bryant in Frankfurt, the British "Financial Times", Stanley • Pini reported Yar London,


Goldman Sachs Goldman Sachs Capital Partners and Kohlberg Kravis Roberts (KKR) is with Shandong Heavy Industry Group (Shandong Heavy Industry) on an equity sale transaction negotiations. If the deal closes, it will become China's largest investment in the size of the German companies.

It is understood two people familiar with negotiations said the two private equity firms are considering the sale price of about 700000000-800000000 euros German forklift manufacturer KION Group (KION Group) 25% of the shares, as the latter is a entry part of the capital raising plans.

The transaction will help KION expansion in the crucial Chinese market, and Shandong Heavy Industry Group have the opportunity to learn from the experience in manufacturing of KION in the field of industrial vehicles.

One of the people familiar with the related negotiations had commenced a few months ago, is now entering the late stage, is expected later this month is expected to formally sign the agreement, but not guaranteed to be able to reach an agreement.


Although current European debt crisis, Chinese enterprises still think Germany is an attractive investment destination, because the country has a wealth of experience in machinery manufacturing enterprise.

, According to a person familiar with the German steel and technology group ThyssenKrupp (ThyssenKrupp) will Tailored Blanks, a subsidiary of negotiations for sale to a Chinese company. ThyssenKrupp said that negotiations are underway, and refused to comment on the identity of the potential buyer.

Sany (Sany Heavy Industry) this year to 360 million euros and to undertake debt the cost of acquisition of the German concrete pump manufacturer Putzmeister (Putzmeister) After China and Germany also reached a number of enterprises in the field of auto parts transactions. Acquisition cases initiated in Germany, China is still small, because the the Germany family business owners are often unwilling to sell.

Shandong Heavy Industry Group's industrial products include bulldozers, and heavy-duty gearbox. In January this year, the company acquired the debt-ridden Italian yacht maker Ferretti (Ferretti) a controlling stake.

Shandong Heavy Industry Group, said on Bloomberg (Bloomberg) does not know the relevant negotiations with the KION Group.

KION Group, Goldman Sachs and KKR declined a reporter's request for comment.