Brief: Cargotec Planning Separation Of Kalmar And Hiab

Hiab Oyj

27/04/2023 07:21

April 27 (Reuters) - Cargotec Corp  CGCBV.HE :
    * REG-INSIDE INFORMATION: CARGOTEC IS PLANNING A SEPARATION
OF
KALMAR AND HIAB
    * PLANNING OF POTENTIAL PARTIAL DEMERGER IS INTENDED TO BE
CARRIED
OUT DURING 2023
    * POTENTIAL EXECUTION AND SEPARATE LISTING OF KALMAR ON
NASDAQ
HELSINKI WOULD, IF CARRIED OUT, TAKE PLACE IN 2024
    * CARGOTEC'S FOCUS REMAINS TO CONTINUE LOOKING FOR A
SOLUTION FOR
MACGREGOR DURING 2024
    * PLANNED PARTIAL DEMERGER WOULD BE A LOGICAL NEXT STEP IN
CARGOTEC'S PREVIOUSLY ANNOUNCED AIM TO INCREASE INDEPENDENCE OF
ITS BUSINESSES.
    * AIM OF PLANNED TRANSACTION IS TO CREATE TWO FOCUSED
WORLD-LEADING LISTED COMPANIES
    * PLANNED TRANSACTION WOULD INCREASE ATTRACTIVENESS OF
COMPANIES
AND FACILITATE FAIR VALUATION OF BUSINESSES.
    * PLANNED SEPARATION WOULD, IF IMPLEMENTED, IMPROVE
GOVERNANCE AND
SIMPLIFY STRUCTURES OF SEPARATE ENTITIES
    * WILL CONTINUE ASSESSING POSSIBILITIES TO SEPARATE KALMAR
AND
HIAB

Source text for Eikon:  ID:nGNE8DQC67 
Further company coverage:  CGCBV.HE 

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