OHB Soars as KKR, Fuchs Family Seek Space Tech Take-Private (2)

OHB SE surged after KKR & Co. said it plans to take the German space and technology company private alongside its founding family, as competition in the satellite sector heats up.

Investors will receive €44 ($48.33) for every OHB share, the company said Monday. The offer values OHB at about €1 billion including debt. KKR also agreed to participate in a plan to raise OHB’s capital by 10%.

Shares in OHB rose as much as 34% for the biggest intraday gain in more than two decades. The stock was up 31% at 12:56 p.m. in Frankfurt, giving the company a ...