Independent journal on economy and transport policy
18:02 GMT+1
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Terex Corporation has completed the cession of own quota in Konecranes
the American company has emphasized that they are sold for 317 million dollars in more regarding the original value
September 6, 2017
The means producer of raising and handling Terex Corporation has announced to have completed the sale of the actions of the Konecranes competitor, titles that had been acquired in the within of the agreement for the cession of the division Material Handling & Port Solutions (MHPS) of the Terex to the Finnish group Konecranes, operation that has been capacity to term at the beginning of this year ( on 17 May and 88 August 2016 and of February 2017).
Draft of 5,15 million actions of class To that they represent about 6.5% of the capital of the Konecranes, that they have been sold, with cession that will be completed in the next few days, to a price of 36,50 euros for each action, inferior value of 1.7% regarding the closing price yesterday.
The president and managing director of the Terex, John Garrison, have confirmed that with the sale the American company "has yielded remaining own sets in action of the Konecranes. When in May 2016 we have announced the sale of the MHPS - it has emphasized - the Konecranes actions that Terex must have had had a value of about 456 million dollars. Altogether Terex will receive about 773 million dollars for the cession of these actions, elevating the fee total received from the Terex for the sale of the MHPS to about 1,6 billion dollars. These figures demonstrate the consisting value for the shareholders of the Terex that is created with the sale of our division MHPS and with the Konecranes-MHPS fusion".
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The means producer of raising and handling Terex Corporation has announced to have completed the sale of the actions of the Konecranes competitor, titles that had been acquired in the within of the agreement for the cession of the division Material Handling & Port Solutions (MHPS) of the Terex to the Finnish group Konecranes, operation that has been capacity to term at the beginning of this year 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
