Mergers & Acquisitions Mergers & Acquisitions

Cargotec, Konecranes propose partial divestiture remedy to address UK merger concerns

By Victoria Ibitoye
  • 10 Jan 2022 08:49
  • 10 Jan 2022 08:49
Cargotec and Konecranes have proposed an alternative remedy to address the UK competition regulator’s concerns about their merger and rejected its provisional call for a full divestiture of their container-handling equipment divisions.

In response to the Competition and Markets Authority’s provisional findings, published today, the companies instead proposed selling Konecranes’ mobile equipment business

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