Reuters exclusively reports Konecranes, Cargotec to get EU okay for $5.1 billion deal; market reacts
On Friday, Reuters exclusively reported that Finland’s Konecranes and Cargotec were set to take a step closer to creating a […] The post Reuters exclusively reports Konecranes, Cargotec to get EU okay for $5.1 billion deal; market reacts appeared first on Reuters News Agency.
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On Friday, Reuters exclusively reported that Finland’s Konecranes and Cargotec were set to take a step closer to creating a global leader in industrial machinery with conditional EU antitrust approval for their 4.5-billion-euro ($5.1 billion) tie-up. The companies, which provide road and sea-cargo handling machinery and services to industries, factories, ports and terminals, announced the deal in October last year but subsequently faced opposition from the European Commission. Konecranes and Cargotec last month offered to sell assets to address the EU competition enforcer’s concerns that the merger may curb competition and push up prices.
The post Reuters exclusively reports Konecranes, Cargotec to get EU okay for $5.1 billion deal; market reacts appeared first on Reuters News Agency.
