Terex has announced its intention to sell shares in Konecranes in an accelerated book-building process and Konecranes has waived certain transfer restrictions
Konecranes Plc (“Konecranes” or the “Company”) has received information regarding Terex Corporation's ("Terex") intention to sell up to 7,450,000 shares in Konecranes (the “Share Sale”), corresponding to approximately 9.5 percent of all outstanding shares in Konecranes (excluding treasury shares). Prior to the Share Sale, Terex owns 19,600,000 Class B shares in the Company. The Share Sale will be based on an accelerated book-building process, which will be launched immediately. The pricing of the Share Sale will be agreed at the close of the book-building process, and the results and