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Progress In Regulatory Proceedings In The Merger Between Cargotec And Konecranes: The Companies Have Submitted Commitments To The European Commission To Satisfy Competition Concerns

As communicated earlier, Cargotec and Konecranes have continued active dialogue and cooperation with relevant competition authorities, and have been considering ways to mitigate the concerns raised by the competition authorities to secure approvals to complete the merger of Cargotec and Konecranes. Cargotec and Konecranes have today submitted a remedy package to the European Commission (“EC”) .

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