(August 31, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Weichai Power in the purchase of a 25% stake in KION Group, a worldwide leading provider of forklifts, warehouse equipment and other industrial trucks, and in the acquisition of a 70% stake in KION's hydraulics business, Linde Hydraulics. Weichai Power is a leading automotive and equipment manufacturing group in China.
The transaction, which is expected to close in the 4th quarter of 2012, comprises a total investment volume of € 738 million and is the largest Chinese direct investment in Germany to date.
The Paul Hastings team is led by M&A partners Dr. Christopher Wolff
, Dr. Regina Engelstäder
, Dr. Ali Sahin
, Dr. Jan Gernoth
, of counsel Dr. Xiaobing Yang-Benckendorff
, Real Estate partner Dr. Jochen Scheel
and Capital Markets partner Dr. Karl Balz
. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.