The stake being sold by KKR and Goldman is worth €330m, according to a Reuters report. Kion was floated on the Frankfurt stock exchange last year.
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, but the plans were put on hold due to volatility in stock markets.
Earlier this month KKR revealed that it held a 6.8 per cent interest in computer chipmaker Marvell Technology Group.
Copyright © 2014 AltAssets