Investegate announcements from Cargotec Corporation, The European Commission Conditionally Approved the Proposed Merger; the Completion Remains Subject to Further Authority Approvals
The European Commission has conditionally approved the planned merger between Cargotec and Konecranes. The approval – which follows the Commission’s extensive investigation and widespread consultation with market participants across Europe – is conditional on the divestment of Konecranes’ Lift Truck business and Cargotec’s Kalmar Automation Solutions. Konecranes’ Lift Truck business includes its business for the .