March 25 (Reuters) - German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday. A deal could value OHB
KKR-Backed German Satellite Maker OHB Plans Share Sale; Key Banks Involved
OHB Share Sale Plans and Market Context
March 25 (Reuters) - German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday.
Potential Valuation and Stakeholders
A deal could value OHB at slightly above its market value, which was about 5.5 billion euros ($6.37 billion) as of last close, the report said, citing people familiar with the matter.
Ownership Structure
Germany's Fuchs family, which owns around 65% of OHB, and KKR, which owns roughly 29%, are discussing a sale of new and existing shares equivalent to 20% of the company, the report said.
KKR's Future Involvement
KKR plans to keep a significant holding after a transaction, according to the report. KKR acquired its minority stake in OHB in 2024, with the Fuchs family retaining permanent control of the company.
Key Banks and Timeline
Deutsche Bank, Goldman Sachs and JPMorgan have been chosen as global coordinators of the offering, which could take place as soon as this year, the report said.
Responses and Verification
The banks, OHB and KKR did not immediately respond to Reuters' requests for comment. Reuters could not independently verify the report.
Recent Financial Performance
Last week, OHB reported a 21% jump in its 2025 revenue, driven by strong demand for satellite systems and launcher components as European governments bolster their defence and strategic space capabilities.
Exchange Rate Information
($1 = 0.8636 euros)
Reporting Credits
(Reporting by Heera Hari in Bengaluru; Editing by Shilpi Majumdar)
