REG - Competition and Mkts - Merger Update: Cargotec/Konecranes

Konecranes AbpAnnouncement

13/07/2021 08:05

RNS Number : 9775E
  
Competition and Markets Authority
  
13 July 2021
  
 

Merger decision announced:
 
On 13 July 2021, the CMA decided that it was or may be the case that the following Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
 
Anticipated merger of Cargotec Corporation and Konecranes Plc
 
The CMA has referred the anticipated merger between Cargotec Corporation and Konecranes Plc for an in-depth phase 2 investigation under its fast track procedure, pursuant to sections 33(1) and 34ZA(2) of the Act, at the request of the merging parties.
   
The text of this decision will be placed on the Competition and Market Authority's web site at www.gov.uk/CMA as soon as is reasonably practicable.
 
In the event of media enquiries please email Press@cma.gov.uk.

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