Thursday 20th Oct 2016 - Logistics Manager

Chinese group takes 25pc stake in forklift manufacturer

Chinese group Weichai Power is taking a 25 per cent stake in Kion, the parent group for Linde and Still forklifts.

As part of its 738m euros investment it will take a 70 per cent stake in Kion’s hydraulics business.

KKR and Goldman Sachs Capital Partners will retain their existing stakes in Kion.