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Goldman, KKR to sell 10.8 percent stake in forklift maker Kion

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange, September 11, 2013. REUTERS/Lucas Jackson
The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange, September 11, 2013. REUTERS/Lucas Jackson

FRANKFURT (Reuters) - Goldman Sachs and private equity firm KKR will sell a 10.8 percent stake in German forklift maker Kion Group AG starting immediately, Goldman said in a statement on Tuesday.

Kion, which listed on the Frankfurt stock exchange about six months ago, is the world's second biggest maker of forklifts after Japan's Toyota <6201.T>.

Bookbuilding for the stake placement of 10,681,388 shares will start immediately, Goldman Sachs said in a statement.

A 10.8 percent stake would be worth about 330 million euros ($450.20 million), according to Reuters data. The stock priced in June at 24 euros per share and closed on Tuesday at 30.75 euros. ($1 = 0.7330 euros)

(Reporting by Thomas Atkins; editing by Edward Taylor)

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