Konecranes proceeds with the closing preparations of the acquisition of Terex’s MHPS business and has decided to issue new class B shares in a directed share issue to Terex's affiliate
After having received all material regulatory approvals and in order to complete the acquisition of Terex Corporation’s (“Terex”) Material Handling & Port Solutions ("MHPS") business (“MHPS Acquisition”), the Board of Directors of Konecranes Plc ("Konecranes") has decided today on a directed share issue of 19,600,000 new class B shares ("Shares", each a "Share") to Terex's affiliate Terex Deutschland GmbH ("Terex Affiliate") (the "Share Issue"). The Share Issue is conditional on the completion of the closing of the MHPS Acquisition (the "Closing"). The Closing is expected to occur on or