Events after the reporting date
On 18 December 2013, Weichai Power exercised its option to acquire a further 3.3 per cent of the shares of KION GROUP AG from the stake held by KKR and Goldman Sachs, thereby increasing its stake from 30.0 per cent to 33.3 per cent. The shares were transferred on 15 January 2014. Furthermore, the Executive Board understands that Superlift and Weichai Power have come to an arrangement in the shareholder agreement to grant each other a mutual right of first offer in respect of the shares held by the other shareholder.
On 7 January 2014, KKR and Goldman Sachs sold 10.7 million shares –10.8 per cent of their KION stake – on the stock exchange at a price of €29.50 per share. Following this step, KKR and Goldman Sachs are now prohibited from selling shares until 7 April 2014. As result of Weichai exercising its option and of the placement of shares, the stake held by KKR and Goldman Sachs has declined from 48.6 per cent to 34.5 per cent. At the same time, the free float grew to 31.1 per cent.