Weichai Power, an automotive and equipment manufacturing group in China, has agreed to invest €738 million ($929 million) for a stake in German industrial truck maker Kion Group, which is already backed by KKR and Goldman Sachs Capital Partners. The transaction is the largest Chinese direct investment in Germany to date and accelerates the Chinese company’s course to gain much-coveted Western industrial know-how and win a foothold in the global market.
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