German Satellite Maker OHB Plans Share Sale with KKR
OHB is planning a share sale with KKR and the Fuchs family valuing the satellite maker at 5.5 billion euros. Global banks are coordinating the 20% stake sale.
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OHB SE is reportedly exploring a share sale that could allow private equity firm KKR & Co. Inc. to trim its minority stake in the Germany-based satellite manufacturer. The potential transaction could value the aerospace company at slightly above its most recent market valuation of approximately 5.5 billion euros ($6.37 billion).
