PALFINGER and SANY negotiate reversal of cross-holding

PALFINGER and SANY Heavy Industries are negotiating the reversal of their cross-holding, involving the sale of PALFINGER's 7.5% stake in Sany Automobile Hoisting Machinery to a SANY Group company in exchange for Sany Germany GmbH's approximately 7.5% stake in PALFINGER.

“The potential transaction involves the sale of the 7.5% share in Sany Automobile Hoisting Machinery indirectly held by PALFINGER to a company within the SANY Group in return for the opportunity of transferring the approximately 7.5% share held by Sany Germany GmbH to PALFINGER.”palfinger.com

• 1 source
• palfinger.comPALFINGER and SANY negotiate reversal of cross-holdingDec 3, 2020

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