The company confirmed it is considering a potential IPO in 2013 but said that no decision has been taken yet, according to Reuters.
Kion is owned by Goldman Sachs’ private equity unit, private equity firm KKR and China’s Shandong Heavy Industry Group.
Shandong purchased a 25 per cent stake in Kion for €467m in August 2012 and paid a further €271m for a 70 per cent interest in the company’s hydraulics unit.
The Chinese firm has an option to increase its interest in Kion to one third via an IPO.
Goldman and KKR bought out Kion in 2006 for $4bn including €400m of debt.
KKR’s then head of European operations, Johannes Huth, said the firm’s medium-term objective was an IPO. However, it was understood that the flotation plans were put on hold due to market volatility.
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