Feb 3, 2022ACQUISITIONAustralia Cargotec and Konecranes provide update on planned merger
Cargotec and Konecranes continue dialogue with competition authorities regarding their planned merger, with remedy requirements more complex than expected. They have offered to divest Konecranes' Lift Truck business and Cargotec's Kalmar Automation Solutions, and aim to complete the merger by the end of H1 2022.
Productscargo handling solutionslift trucksautomation solutions
“Based on ongoing dialogue with the authorities the remedy requirements are more complex than expected.”arvopaperi.fi
- 4 sources
- arvopaperi.fiCargotec and Konecranes provide an update on planned merger: Remedy requirements are more complex than expected, dialogue with relevant competition authorities continues | ArvopaperiFeb 3, 2022
- accc.gov.auACCC consults on divestiture proposal for Cargotec, Konecranes merger | ACCCAustralian Competition, Consumer CommissionFeb 23, 2022
- reuters.comCargotec, Konecranes win EU antitrust approval for $5 bln mergerFoo Yun CheeFeb 24, 2022
- scceu.orgCargotec-Konecranes Merger Clears Hurdle with EU Conditional Approval - Supply Chain Council of European Union | Scceu.orgFeb 25, 2022
Summarized from public sources; check the original articles before acting on it.
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