KKR-Backed OHB Said to Tap Banks for Share Sale Amid Space Boom

OHB SE is working on a sale of shares in the German satellite maker, people familiar with the matter said, potentially allowing minority investor KKR & Co. to trim its stake.

Germany’s Fuchs family, which owns around 65% of OHB, and KKR are discussing a sale of new and existing shares equivalent to 20% of the Bremen-based company, according to the people, who asked not to be identified discussing confidential information.

A deal could value OHB at slightly above its market value, the people said, which was about €5.5 billion ($6.4 billion) at Wednesday’s close. KKR, which owns roughly 29% ...