Kohlberg Kravis Roberts, the US-based private equity group, is pushing ahead with marketing the €783m ($895m) flotation of MTU Aero Engines, the German aircraft-engine manufacturer. A number of private equity-backed initial public offerings have recently been forced to cut their price.

Deutsche Bank, Goldman Sachs and UBS are joint bookrunners on the sale, in which 35.6 million shares are being offered at between €19 and €22 each.