Goldman Sachs to place 7.5 mln shares in Kion Group

FRANKFURT, June 10 Tue Jun 10, 2014 12:58pm EDT

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FRANKFURT, June 10 (Reuters) - A total of 7.5 million shares in forklift truck maker Kion Group worth 253 million euros ($344.46 million) will be placed with institutional investors, Goldman Sachs said in a statement on Tuesday.

Book-building will start immediately, Goldman Sachs said.

The shares are being placed by Superlift Holding, an entity held jointly by Goldman Sachs Capital Partners funds and Kohlberg Kravis Roberts & Co. LP.

The Kion shares intended to be sold are solely attributable to, but do not constitute all Kion shares indirectly held by, Goldman Sachs Capital Partners funds, Goldman Sachs said.

($1 = 0.7345 Euros) (Reporting by Edward Taylor; Additional reporting by Alexander Huebner; Editing by Pravin Char)

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