Kion, Shandong Heavy get 500 mln eur to enhance cooperation

Newswire

FRANKFURT, May 26 (Reuters) - Germany's Kion Group , the world's second biggest maker of fork lift trucks, and shareholder Shandong Heavy are getting as much as 500 million euros ($647 million) in financing from the China Development Bank to support their cooperation, Kion said. The two companies will also be receiving unspecified financial services from the bank as part of an agreement signed on Sunday at a meeting between Chinese Premier Li Keqiang and German Chancellor ...

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