Mergers & Acquisitions Mergers & Acquisitions

Cargotec, Konecranes global deal sparks regulatory scrutiny in New Zealand

By Laurel Henning
  • 07 Sep 2021 00:42
  • 07 Sep 2021 00:42
Finnish rivals Cargotec and Konecranes’ plan to merge and become a “global leader” in container-handling equipment is set to face a review in New Zealand, after the companies filed a clearance application with the country's competition regulator. 
In a statement today (see here), the New Zealand Commerce Commission announced receipt

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Laurel Henning

Senior Correspondent

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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