BERLIN (Reuters) - German forklift truck and robotics maker Kion (>> Kion Group AG) raised 602.9 million euros (521.05 million pounds) 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 (>> Weichai Power Co., Ltd.) 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.
(Reporting by Victoria Bryan, editing by Thomas Escritt)