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| Linde sells KION Group to KKR/Goldman Sachs  German gas giant Linde AG has completed its review of the strategic options for its forklift division KION Group. The company has been sold to a consortium comprising the financial investors Kohlberg Kravis Roberts & Co. (KKR) and Goldman Sachs Capital Partners at a price of 4 billion euro. The enterprise value of 4 billion euro consists of 3.6 billion net equity value plus 400 million euro of net financial liabilities assumed, i.e. the balance of pension obligations, net lease obligations and net liquidity.The KION Group, which the Linde Group established as a new, legally independent umbrella company for its three forklift truck and industrial equipment brands, Linde, STILL and OM, currently has more than 20,000 employees. write your comments about the article :: © 2006 Construction News :: home page |