Mergers & Acquisitions Mergers & Acquisitions

Cargotec, Konecranes don’t need to merge to counter Chinese rivals, UK regulator says

By Andrew Boyce
  • 26 Nov 2021 10:17
  • 26 Nov 2021 10:17

Cargotec and Konecranes don’t need to merge to compete with Chinese suppliers such as ZPMC and Sany, the UK’s Competition and Markets Authority said in provisional findings published today.

The Finnish companies didn’t convince the CMA that the merger is necessary to keep up with Chinese players that are entering

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