Date
19 August 2017

Weichai Power raises KION stake via call option, filing says

Weichai Power Co., Ltd.’s (02338.HK, 000338.CN) wholly owned subsidiary Weichai Lux has served a notice on Superlift Holding S.àr.l. to exercise a call option to raise its stake in German forklift maker KION, according to an exchange filing Wednesday. Once the call option is completed, Weichai Lux will acquire 3.2637 million KION shares, or 3.3 percent of the issued share capital, from Superlift for €95.33 million (US$130.20 million), giving it a one-third stake in KION.

– Contact HKEJ at [email protected]

EL/AC/SK

 

EJI Weekly Newsletter

Please click here to unsubscribe