# 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.

- Type: Acquisition
- Announced: 2020-12-03
- Status: announced
- Products: cross-holding reversal
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Palfinger](https://endata.com/companies/17648.md)
- [SANY Heavy Industries](https://endata.com/companies/51621.md) (partner)
- [Sany Automobile Hoisting Machinery](https://endata.com/companies/51622.md) (target)
- [Sany Germany GmbH](https://endata.com/companies/51623.md) (investor)

## Sources

- [palfinger.com](https://www.palfinger.com/worldwide/en/insights-news-and-events/news/2020/palfinger-and-sany-negotiate-reversal-of-cross-holding.html), 2020-12-03: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.