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See KION have said that Weichai Power will not increase its share holding to over 50% meaning they will take up to 50%. No one will want to work with a partner who owns 50% because if they don't get on they can do what they like. China Development Bank has agreed to lend up to EUR500 million to KION i remember how Junghienrich got hold of BOSS did the German Banks lend Steinbock money then called it in to allow for Junghienric to take it over. Could we see history repeat it self in a couple of years allowing the Chinese to take over KION on the cheap
  • Posted 13 Jun 2013 17:44
  • By Daveilift
  • joined 26 Oct'10 - 241 messages
  • west yorks, United Kingdom

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