Paul Hastings Represents Weichai Power in Investment in KION Group
Frankfurt, Germany (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
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