Chinese group takes 25pc stake in forklift manufacturer

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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.

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