Goldman trades €233m Kion block for itself and KKR after pop in share price

Goldman Sachs
By Jon Hay
10 Nov 2014

Goldman Sachs and KKR sold an 8.1% stake in Kion Group, the German forklift truck maker, on Monday evening, through an accelerated bookbuild.

Goldman Sachs was bookrunner for the sale of 8m shares, at a range of €29.10 to market, meaning Monday’s closing price of €30.95. The pricing equated to a discount range of 6% to 0%.

"It's a good discount [for investors]," said a banker away from the deal on Tuesday ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial