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10 September 2012 at 12:13 BST

Five law firms involved in massive Chinese investment deal

Chinese conglomerate Shandong Heavy Industry is set to invest €738 million into Wiesbaden forklift manufacturer Kion, in by far the largest direct Chinese investment into Germany to date.

Kion: $738m investment from China

In connection with the investment, Stuttgart-headquartered law firm Gleiss Lutz advised Kion as well as its shareholders Kohlberg Kravis Roberts & Co and Goldman Sachs. London magic circle firm Freshfields Bruckhaus Deringer also provided advice for Kion.

Planned IPO

Shandong will first acquire a 25 per cent stake in Kion through its affiliate Weichai Power Co, then – in connection with the planned IPO of Kion – Weichai can increase its stake to 30 per cent whilst also purchasing a 70 per cent stake in the hydraulics business of Kion subsidiary, Linde Material Handling.

The transaction is still subject to the approval of the relevant authorities and third parties, if applicable.

The Gleiss Lutz team was led by partners Jan Bauer and Cornelia Topf, both M&A, Frankfurt. Hong Kong-headquartered King & Wood Mallesons, German firm Hengeler Mueller and Los Angeles-based firm Paul Hastings advised Weichai which is dual listed in Hong Kong and Shenzhen.


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