Port crane merger is off

Port handling equipment makers Cargotec and Konecranes have cancelled their planned merger after it was blocked by the UK Competition and Markets Authority (CMA). , The European Commission had conditionally approved it on the basis of a remedy package, but the latter was rejected by the CMA. [+]

Handling equipment makers cleared to merge

The European Commission has approved the proposed merger between cargo handling equipment makers Cargotec and Konecranes, conditional on the divestiture of certain businesses. It said the remedies offered by the two companies would continue to give customers in Europe sufficient choice of port equipment competitive prices and a choice of ... [+]

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