Cargotec and Konecranes merger approved in China
Published by Sarah Smith,
Assistant Editor
Dry Bulk,
State Administration for Market Regulation has approved the merger between Cargotec and Konecranes in China.
On 1 October 2020, Cargotec Corporation (Cargotec) and Konecranes Plc (Konecranes) announced that the companies had signed a combination agreement and plan to combine through a merger, subject to regulatory and other approvals.
Cargotec and Konecranes have received unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger.
The companies continue to work closely with the competition authorities in the remaining jurisdictions to obtain regulatory approvals. Cargotec and Konecranes are confident that the approvals will be received to allow completion of the transaction by the end of 1H22. Until completion, both companies will operate fully separately and independently.
Read the article online at: https://www.drybulkmagazine.com/special-reports/10082021/cargotec-and-konecranes-merger-approved-in-china/
You might also like
Enclosed by Design: Reliable Bulk Material Handling for Cleaner, Controlled Operations
Enclosed storage and conveying systems help bulk material operators control emissions, protect material quality, and improve operational reliability. Drawing on global references, TAKRAF Group delivers engineered solutions for complex applications, from enclosed stockyards and scraper reclaimers to tube conveyors and lifecycle support.