KION GROUP GmbH : KION Group and Weichai Power agree to further strengthen their partnership KION GROUP GmbH / KION Group and Weichai Power agree to further strengthen their partnership . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. *Weichai Power granted option to acquire a further 3.3% in addition to the option to increase its shareholding from 25 to 30% Wiesbaden, 20 December 2012 - KION Group, together with its shareholders, and Weichai Power Co. Ltd. amended their framework agreement of August 31, 2012 in order to further strengthen their strategic partnership. All amendments are conditional on the closing of the overall transaction. Weichai Power (Luxembourg) Holding S.à r.l (Weichai Power) has been granted an additional call option to acquire a further 3.3% (on a fully diluted basis) of Kion Holding 1 GmbH from the existing shareholder Superlift Holding S.à r.l. (Superlift) any time between 1 January 2013 and 30 June 2013 or during any time within three months after completion of a potential future IPO. Weichai Power's existing call option to increase its shareholding in Kion Holding 1 GmbH upon a potential future IPO of Kion Holding 1 GmbH through the subscription of newly issued shares to 30% will be amended to allow Weichai Power to increase its shareholdings to 33.3% (on a fully diluted basis after completion of a potential future IPO), if it owns 28.3% or more prior to the IPO, or to 30.0% (on a fully diluted basis after completion of a potential future IPO), if it owns less than 28.3% prior to the IPO. Following a potential future IPO, in case Weichai holds at least 33.3% of the KION Group, the parties will support the election of a Weichai representative to Chairman of the Supervisory Board. In addition, the parties have agreed that if either Superlift or Weichai wishes to transfer shares after a potential future IPO, the respective other shareholder will have a right of first offer over such shares. The company The KION Group - comprising the six brands Linde, STILL, Fenwick, OM STILL, Baoli and Voltas - is Europe's market leader in industrial trucks, the global number two in the industry and the leading international supplier in China. The Linde and STILL brands serve the premium segment worldwide. Fenwick is the largest supplier of material handling products in France, while OM STILL is a market leader in Italy. The Baoli brand focuses on the economy segment, and Voltas is one of the two market leaders in India. The KION Group employed roughly 22,000 people and generated revenue of around €4.4 billion in 2011. Disclaimer This press release contains forward-looking statements involving known and unknown risks, uncertainties and other factors, many of which are outside the control of the KION Group ('KION'), are difficult to predict and may cause future developments to differ significantly from assumed developments as expressed or implied in the forward-looking statements in this press release. Any liability (including in respect of direct, indirect or consequential loss or damage) of any member of KION with regard to the information contained in this press release is expressly disclaimed. This press release does not purport to contain all of the information that may be required to evaluate any proposed transaction, and any recipient hereof should seek its own legal, accounting and other relevant professional advice. No member of KION undertakes any obligation or expects to update or revise this press release, including forward-looking statements or any other information contained herein, whether as a result of new information, future events or otherwise. For further information please contact: Michael Hauger Head of Corporate Communications Tel.: +49 (0)611 770 655 Email: email@example.com Download Press Release [pdf 0.1 MB] ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: KION GROUP GmbH via Thomson Reuters ONE HUG#1666646 --- End of Message --- KION GROUP GmbH Abraham-Lincoln-Strasse 21 Wiesbaden Germany
KION GROUP GmbH : KION Group and Weichai Power agree to further strengthen their partnership
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