Kion, which listed on the Frankfurt stock exchange about six months ago, is the world's second biggest maker of forklifts after Japan's Toyota.

Bookbuilding for the stake placement of 10,681,388 shares will start immediately, Goldman Sachs said in a statement.

A 10.8 percent stake would be worth about 330 million euros ($450.20 million), according to Reuters data. The stock priced in June at 24 euros per share and closed on Tuesday at 30.75 euros. ($1 = 0.7330 euros)

(Reporting by Thomas Atkins; editing by Edward Taylor)

Stocks treated in this article : KKR & Co. L.P., TOYOTA INDUSTRIES CORPORATION, Kion Group AG