# 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.

- Type: Partnership
- Announced: 2020-12-22
- Status: announced
- Products: cranes, aerial lifts
- 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)

## Sources

- [vertikal.net](https://vertikal.net/en/news/story/36820/palfinger-and-sany-to-unravel-cross-shareholdings), 2020-12-22: "Austrian crane and aerial lift manufacturer Palfinger is negotiating to end the cross shareholding deal it has with Chinese manufacturer Sany heavy industries."

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