山东重工

Shandong eyes Kion stake to gain German expertise in engineering

Goldman SachsCapital Partners and Kohlberg Kravis Roberts are in talks with Shandong Heavy Industry about a stake sale that would mark China’s biggest investment in a German company.

The private equity companies are considering selling 25 per cent of forklift truckmaker Kion for about €700m-€800m as part of a capital raising, according to two people familiar with the talks.

The deal could help Kion to expand in the crucial Chinese market and would give Shandong access to Kion’s expertise in industrial trucks.

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