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KKR-backed OHB taps banks for share sale, Bloomberg News reports
Reuters· 2026-03-25 19:18
Core Viewpoint - German satellite maker OHB is planning a share sale that may allow minority investor KKR to reduce its stake, with a potential valuation slightly above its current market value of approximately 5.5 billion euros ($6.37 billion) [1][2]. Group 1: Share Sale Details - The Fuchs family, which owns around 65% of OHB, and KKR, which holds roughly 29%, are in discussions to sell new and existing shares equivalent to 20% of the company [2]. - KKR intends to maintain a significant holding in OHB after the transaction [3]. Group 2: Financial Performance - OHB reported a 21% increase in its 2025 revenue, driven by strong demand for satellite systems and launcher components as European governments enhance their defense and strategic space capabilities [4].