State Administration for Market Regulation has approved the merger between Konecranes and Cargotec in China
KONECRANES PLC STOCK EXCHANGE RELEASE AUGUST 10, 2021 08:30 AM EEST State Administration for Market Regulation has approved the merger between Konecranes and Cargotec in China On 1 October 2020, Konecranes Plc (“Konecranes”) and Cargotec Corporation (“Cargotec”) announced that the companies had signed a combination agreement and plan to combine through a merger, subject to regulatory and other approvals (the “Transaction”). Konecranes and Cargotec have received an unconditional approval from the State Administration for Market Regulation, the competition authority in China, for