Germany's Kion has lost bidding for UniCarriers -paper

Mitsubishi Logisnext Co

30/06/2015 19:56

BERLIN, June 30 (Reuters) - German forklift truck maker Kion 
 KGX.DE  has lost in the bidding for Japanese rival UniCarriers 
 INCJPG.UL , Frankfurter Allgemeine Zeitung reported on Tuesday, 
without citing the source of the information. 
    UniCarriers is now in exclusive talks with Mitsubishi 
Nichiyu  7105.T  which will probably get the nod, the newspaper 
said in a preview of an article to be published in Wednesday's 
edition. 
    A spokesman for Kion declined comment on speculation. 
    Reuters reported in late March that Kion and Mitsubishi 
Heavy Industries  7011.T  were in talks to buy UniCarriers for 
up to 100 billion yen, citing a source familiar with the matter. 
 ID:nL6N0WX175  
    UniCarriers is strong in Japan and in the United States 
where Kion, which has been steadily growing through acquisitions 
over the past years, has only a small presence. 
 
 (Reporting by Andreas Cremer, editing by William Hardy) 
 ((Andreas.Cremer@thomsonreuters.com; +49-30-2888-5084; Reuters 
Messaging: andreas.cremer.thomsonreuters.com@reuters.net)) 
 
Keywords: KION M&A/