Palfinger and Sany negotiate to end cross shareholding

Palfinger is negotiating to sell its 7.5% stake in Sany Automobile Hoisting Machinery back to Sany, in exchange for Sany Germany selling its 7.5% stake in Palfinger, with no impact on their joint ventures.

“Austrian crane and aerial lift manufacturer Palfinger is negotiating to end the cross shareholding deal it has with Chinese manufacturer Sany heavy industries.”vertikal.net

• 1 source
• vertikal.netPalfinger and Sany to unravel cross shareholdings | Vertikal.netDec 22, 2020

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