KKR-backed OHB taps banks for share sale, Bloomberg News reports

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 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.

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 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.

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.

The banks, OHB and KKR did not immediately respond to Reuters' requests for comment. Reuters could not independently verify ‌the report.

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.

($1 = 0.8636 euros)

(Reporting by Heera Hari in Bengaluru; Editing by Shilpi ‌Majumdar)

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