(Recasts with placing price)
BERLIN May 22 German forklift truck and
robotics maker Kion raised 602.9 million euros ($677
million) by issuing 9.3 million new shares to partly refinance
its $2.1 billion acquisition of Dematic in 2016.
The new shares, equivalent to 8.55 percent of its capital,
were issued at a price of 64.83 euros each, Kion said in a
statement late on Monday.
Major shareholder Weichai Power acquired around
4.02 million of the new shares to keep its shareholding stable
at around 43 percent, the company said in a statement.
Kion's shares closed on Monday at 65 euros.
($1 = 0.8899 euros)
(Reporting by Victoria Bryan, editing by Thomas Escritt)