Original upload date: Fri, 31 Aug 2012 02:00:00 GMT
Archive date: Mon, 06 Dec 2021 00:43:35 GMT
Free Press Footage available at http://cms-gomex.com
Under the terms of the agreement, Weichai Power will invest a total of EUR 738 million: EUR 467 million to acquire a 25 percent stake in KION via
...
a capital increase and EUR 271 million for a 70 percent majority stake in KION's hydraulics business. KION will use the proceeds to further strengthen its capital structure. Affiliates of KKR and Goldman Sachs Capital Partners will retain their existing investment in KION and will not receive any proceeds from this transaction, and will continue their full support of KION. In the event of a potential future IPO of KION, Weichai Power has the option to increase its stake in KION to 30 percent. Furthermore, Weichai has the right to further increase its stake in KION's hydraulics business.
