In addition, the Merger Prospectus and the English Prospectus will be available on or about 7 December 2020 in print at the offices of Konecranes at Koneenkatu 8, FI-05830 Hyvinkää, Finland, at . The Pro Forma Information included in . As announced on February 24, 2022, the EC conditionally approved the planned merger between Cargotec and Konecranes on the basis of the same remedy package rejected by the CMA, which comprised commitments to divest Konecranes Lift Truck business and Kalmar Automation Solutions. The general meeting resolved that the shareholders of Konecranes shall upon the completion of the merger and after the share split referred to below receive as merger consideration in accordance with the merger plan 2.0834 new class B shares and 0.3611 new class A shares in Cargotec for each share they hold in Konecranes. You should consult the merger prospectus for more complete information about Cargotec, Konecranes, their respective subsidiaries, their respective securities and the merger. The English Prospectus includes the unaudited pro forma combined financial information (the "Pro Forma Information") presented for illustrative purposes to give effect to the Merger of Cargotec and Konecranes to Cargotec's financial information as if the Merger had been completed at an earlier date. 1 Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2021 to align it with the definition used in the merger prospectus. The European Commission (EC) has cleared a merger between Finnish engineering companies Cargotec and Konecranes, under certain conditions. 12:24: . In addition, the Merger Prospectus and the English Prospectus will be available on or about 7 December 2020 in print at the offices of Cargotec at Porkkalankatu 5, FI-00180 Helsinki, Finland, at the offices of Konecranes at Koneenkatu 8, FI-05830 Hyvinkää, Finland and at the reception of Nasdaq Helsinki at Fabianinkatu 14, FI-00100 Helsinki . In October 2020, the parties agreed to a $5 billion merger, which was notified to multiple com-petition authorities (notably, the CMA, the Commission, and the US Department of Justice ("DOJ")). Extraordinary meetings held on 18 December 2020 by each of the companies resolved the resolution to approve the merger. This presentation is to discuss Cargotec's Q1 2021 results. 23 The Merger Prospectus is attached as Appendix 1. Cargotec shares jumped around 25%, while Konecranes stock was up around 17%, giving a combined market value of around 4.5 billion euros ($5.3 billion), according to Refinitiv Eikon data. Any decision with respect to the merger of Konecranes into Cargotec should be made solely on the basis of information contained in the actual notices to the EGMs of Cargotec and Konecranes, as applicable, and the merger prospectus as well as on an independent analysis of the information contained therein. With GlobalData's new whitepaper, 'IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report', you can explore exactly what . In August, Cargotec and Konecranes received unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger. You might also like Major investment in port equipment in the Humber ports Thursday 28 April 2022 09:00 In addition, the Merger Prospectus and the English Prospectus will be available on or about 7 December 2020 in print at the offices of Konecranes at Koneenkatu 8, FI-05830 Hyvinkää, Finland, at . Our vision is to become the global leader in sustainable cargo flow. My Account. | April 9, 2022 | April 9, 2022 Cargotec and Konecranes are awaiting the authorities' decisions and continue to work towards the merger being completed by the end of H1 2022. FINRA has been engaged in a "stealth sweep" of firms' untimely deliveries of mutual fund and ETF prospectuses that has resulted in formal disciplinary… February 25, 2022 Cargotec-Konecranes merger secures conditional EU nod The EC approved the deal after performing a detailed investigation and taking feedback from diverse market participants. Cargotec and Konecranes to merge : 2020 September 23. NOTICE TO THE . Resolution on the Merger. CARGOTEC CORPORATION, INSIDE INFORMATION, 29 MARCH 2022 AT 9:55 AM EEST The UK CMA blocks the merger between Cargotec and Konecranes and thus the Companies. The Finnish company reported decreased figures in sales and profits, affected by Covid and Ukraine war-related issues Konecranes, a company headquartered in Finland, announced in a press release BulkWeek Search With our business areas Kalmar, Hiab and MacGregor, we offer products, services and solutions that make global trade faster, smarter and more sustainable. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2021 to align it with the definition used in the merger prospectus. The Merger financing arrangements comprise a EUR 300 (originally 400) million . The EGM approved the merger of Konecranes into Cargotec Corporation in accordance with the merger plan signed by the Boards of Directors of Konecranes and Cargotec on 1 October 2020 and approved the Merger Plan. Cargotec Corporation and Konecranes Plc announced on 1 October 2020 that the Boards of Directors of Cargotec and Konecranes have agreed upon the combination of the two companies by signing a combination agreement and a merger plan, according to which Konecranes shall . The Finnish Financial Supervisory Authority has approved the prospectus for the planned merger between Konecranes and Cargotec. INSW has concluded the all-stock merger deal valued at around $416m with energy shipping company Diamond S Shipping (DSSI). Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2021 to align it with the definition used in the merger prospectus. This release contains forward-looking statements. Pursuant to the merger plan, Konecranes shall be merged into Cargotec through an absorption CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 3 DECEMBER 2020 AT 8:30 PM EET NOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, SINGAPORE, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE COMPLETED . The proposed combination is scheduled to be implemented as a statutory absorption merger whereby Konecranes will be merged into Cargotec. . The English Prospectus includes the unaudited pro forma combined financial information (the "Pro Forma Information") presented for illustrative purposes to give effect to the Merger of Konecranes and Cargotec to Cargotec's financial information as if the Merger had been completed at an earlier date. Konecranes and Cargotec have obtained clearances for the planned merger from numerous competition authorities. The extraordinary general meeting resolved on the merger of Konecranes into Cargotec through a . This website makes use of cookies to enhance browsing experience and provide additional functionality. In . CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 2 NOVEMBER 2020 AT 10:00 EETCargotec Corporation: Notice of Extraordinary General Meeting 2020Notice is given to the shareholders of Cargotec . Credit: CHUTTERSNAP / Unsplash. Subscription History; Subscription Options; Newsletter settings; Newsletter archive . Both Cargotec and Konecranes are confident that the remaining approvals are received to allow completion of the transaction by the end of H1/2022. The English Prospectus includes the unaudited pro forma combined financial information (the "Pro Forma Information") presented for illustrative purposes to give effect to the Merger of Konecranes and Cargotec to Cargotec's financial information as if the Merger had been completed at an earlier date. On 1 October 2020, Cargotec Corporation and Konecranes Plc announced their combination agreement and a merger plan to combine the two companies through a merger. Following the merger prospectus' approval by the Finnish Financial Supervisory Authority, the deal will now require the approval of a majority of two thirds of the shareholders. In addition to the items significantly affecting comparability, the restated comparable operating profit will also exclude the impacts of the purchase price allocation. Free Report The extraordinary general meeting of Cargotec Corporation (" Cargotec ") held in Helsinki today, 18 December 2020, resolved to approve the merger of Cargotec and Konecranes Plc (" Konecranes ") and the resolutions relating to the merger proposed to the general meeting. In order to support and finance the completion of the Merger, Cargotec and Konecranes have entered into re- and back-up financing agreements with Nordea. Smarter cargo flow for a better everyday. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2021 to align it with the definition used in the merger prospectus. CMA raises competition concerns over Cargotec-Konecranes merger THe CMA also engaged with competitors and other industry players to draft its provisional findings. Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2021 to align it with the definition used in the merger prospectus. The implementation of the merger is subject to obtaining the necessary approvals from the competition authorities. On 1 October 2020, we announced the plan to combine Cargotec and Konecranes through a merger. Konecranes and Cargotec, which announced a merger of equals in October 2020, compete closely in the UK. The merger was announced on October 1 The Finnish Financial Supervisory Authority has approved the merger prospectus about the combination of Cargotec Corporation and Konecranes, informs Kalmar, part . Subscription History; Subscription Options; Newsletter settings; Newsletter archive . Cargotec-Konecranes merger secures conditional EU nod . Cargotec changed the definition of the alternative performance measure comparable operating profit starting from 1 January 2021 to align it with the definition used in the merger prospectus. On 1 October 2020, we announced the plan to combine Cargotec and Konecranes through a merger. Information regarding the contemplated merger can be found at www.sustainablematerialflow.com. Konecranes and Cargotec's business operations through a statutory absorption merger of Konecranes into Cargotec pursuant to the Finnish Companies Act whereby all assets and This presentation includes "forward- looking statements" that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. On 1 October 2020, we announced the plan to combine Cargotec and Konecranes through a merger. January 2021 to align it with the definition used in the merger prospectus. The CMA expects the deal to significantly cut down competition in the delivery of several container handling equipment products. CARGOTEC CORPORATION, INSIDE INFORMATION, 29 MARCH 2022 AT 9:55 AM EEST The UK CMA blocks the merger between Cargotec and Konecranes and thus the Companies. Resolution on the Merger The Board of Directors of Konecranes and Cargotec approved on 1 October 2020 a merger plan, which was registered with the trade register of the Finnish Patent and Registration Office on 29 October 2020. The shareholders of Konecranes shall, after the share split, receive as merger consideration 2.0834 new B Shares and 0.3611 new A Shares in Cargotec for each share they hold in Konecranes. The implementation of the merger is subject to obtaining the necessary approvals from the competition authorities. Finnish engineering majors Konecranes and Cargotec have won approval from the Finnish Financial Supervisory Authority for their merger prospectus. The prospectus highlights the R&D activities of both companies in 2019. . All statements other than statements of historical fact included in this release are forward-looking statements. The Pro Forma Information included in the . The Pro Forma Information included in the . Extraordinary meetings held on 18 December 2020 by each of the companies resolved the resolution to approve the merger. The Finnish company reported decreased figures in sales and profits, affected by Covid and Ukraine war-related issues Konecranes, a company headquartered in Finland, announced in a press release CoalWeek Search KONECRANES PLC INSIDE INFORMATION February 3, 2022 08:00 AM EET Konecranes and Cargotec provide an update on planned merger: Remedy requirements are more complex than expected, dialogue with relevant competition authorities continues As previously communicated, Konecranes and Cargotec have continued their dialogue and cooperation with relevant . 1 The transaction involves the combination of Cargotec and Konecranes by way of a statutory absorption merger under Finnish law providing for the transfer of all assets . The Pro Forma Information included in . 11:09: Konecranes wins Automation Service Contract in Indonesia: 2020 September 22. in addition, the merger prospectus and the english prospectus will be available on or about 7 december 2020 in print at the offices of cargotec at porkkalankatu 5, fi-00180 helsinki, finland, at the offices of konecranes at koneenkatu 8, fi-05830 hyvinkää, finland and at the reception of nasdaq helsinki at fabianinkatu 14, fi-00100 helsinki, … reference into this Prospectus: • Cargotec's audited consolidated financial statements as at and for the . With our business areas Kalmar, Hiab and MacGregor, we offer products, services and solutions that make global trade faster, smarter and more sustainable. The Finnish Financial Supervisory Authority approves the merger prospectus concerning the combination of Cargotec nd Konecranes: 2020 November 18. The Finnish company reported decreased figures in sales and profits, affected by Covid and Ukraine war-related issues Konecranes, a company headquartered in Finland, announced in a press release BulkWeek Search KONECRANES' EXTRAORDINARY GENERAL MEETING HAS APPROVED THE MERGER OF KONECRANES PLC AND CARGOTEC CORPORATION. Cargotec and Konecranes announced on 1 October 2020 that shareholders holding in aggregate approximately 44.8 percent of the shares and approximately 76.3 percent of the votes in Cargotec and . Cargotec/Konecranes Cargotec and Konecranes each offer container handling equipment and services to port terminals and industrial customers worldwide. CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 DECEMBER 2020 AT 2:00 PM EETNOT FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, SINGAPORE, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE COMPLETED . The boards of directors of Konecranes and Cargotec have proposed that the companies hold extraordinary general meetings on December 18, 2020. www.cargotec.com The combined group would have revenues in the region of €7 billion with . Our vision is to become the global leader in sustainable cargo flow. Más información OK The implementation of the merger is subject to obtaining the necessary approvals from the competition authorities. konecranes and cargotec have on 1 october 2020 entered into a combination agreement, pursuant to which konecranes and cargotec have agreed to combine their business operations through a statutory absorption merger pursuant to the finnish companies act.the combination agreement contains certain customary representations and warranties as well as … In case the number of shares received by a shareholder of Konecranes as merger consideration is a fractional number, the fractions shall be rounded down to . The English Prospectus includes the unaudited pro forma combined financial information (the "Pro Forma Information") presented for illustrative purposes to give effect to the Merger of Cargotec and Konecranes to Cargotec's financial information as if the Merger had been completed at an earlier date. The Finnish Financial Supervisory Authority approves the merger prospectus concerning the combination of Cargotec nd Konecranes. My Account. Expenditure included developing a TOS for automated container terminals, which Konecranes will deliver for Terminal Investment Limited's new Hadarom terminal in Israel. This release does not constitute a notice to an EGM or a merger prospectus. The merger, which would combine engineering group Konecranes and cargo handling machinery maker Cargotec, would harm competition in the supply of container handling equipment products, the CMA said. KONECRANES PLC STOCK EXCHANGE RELEASE 2 November 2020 at 10:00 a.m. EETNotice to the EXTRAORDINARY General Meeting of konecranes plcNotice is given to the shareholders of Konecranes Plc to the. The boards of directors of Konecranes and Cargotec did not find any satisfactory solution . in addition, the merger prospectus and the english prospectus will be available on or about 7 december 2020 in print at the offices of konecranes at koneenkatu 8, fi-05830 hyvinkää, finland, at the offices of cargotec at porkkalankatu 5, fi-00180 helsinki, finland and at the reception of nasdaq helsinki at fabianinkatu 14, fi-00100 helsinki, … Transaction Highlights Upon the completion of the merger, Konecranes shareholders will receive as merger consideration 0.3611 new class A shares and 2.0834 new class B shares in Cargotec for each share they hold in Konecranes on the record date, corresponding to the post-completion ownership in the Future Company of approximately 50 percent for Konecranes . Konecranes invested €41.1M in R&D in that year, representing 1.2% of sales. Extraordinary meetings held on 18 December 2020 by each of the companies resolved the resolution to approve the merger. The merger was announced in October this year. Extraordinary general meetings of Cargotec and Konecranes held on 18 December 2020 approved the merger. The extraordinary general meeting of Cargotec Corporation ("Cargotec") held in Helsinki today, 18 December 2020, resolved to approve the merger of Cargotec and Konecranes Plc ("Konecranes") and the resolutions relating to the merger proposed to the general meeting. The two companies announced a merger plan in October, which will see Konecranes merge into Cargotec - see: Cargotec and Konecranes to merge. Both the Commission and the CMA opened in-depth investigations into the transaction. Until all merger closing conditions are met and the deal is completed, both companies continue to operate fully separately and independently. The merger, which would combine engineering group Konecranes and cargo handling machinery maker Cargotec, would harm competition in the supply of container handling equipment products, the CMA said. in addition, the merger prospectus and the english prospectus will be available on or about 7 december 2020 in print at the offices of konecranes at koneenkatu 8, fi-05830 hyvinkää, finland, at the offices of cargotec at porkkalankatu 5, fi-00180 helsinki, finland and at the reception of nasdaq helsinki at fabianinkatu 14, fi-00100 helsinki, … Resolution on the Merger You should consult the merger prospectus for more complete information about Cargotec, Konecranes, their respective subsidiaries, their respective securities and the merger. Furthermore, a Finnish language merger prospectus approved by the Finnish Financial Supervisory Authority, an English language translation of the merger . Hyvinkää, Finland, September 8, 2015 - Terex Corporation announced today that it has received the requisite consents with respect to its previously announced consent. in addition, the merger prospectus and the english prospectus will be available on or about 7 december 2020 in print at the offices of cargotec at porkkalankatu 5, fi-00180 helsinki, finland, at. Cargotec Corporation (" Cargotec ") and Konecranes Plc (" Konecranes ") announce that their respective Boards of Directors have today signed a combination agreement (the " Combination Agreement ") and a merger plan to combine the two companies through a merger (the "Future Company" ). In addition, the Merger Prospectus and the English Prospectus will be available on or about 7 December 2020 in print at the offices of Konecranes, Finland, at the offices of Cargotec, Finland, and at the reception of Nasdaq Helsinki in Finland. The merger was announced on October 1 The Finnish Financial Supervisory Authority has approved the merger prospectus about the combination of Cargotec Corporation and Konecranes, informs Kalmar, part . Cargotec Corporation and Konecranes plc announced a merger of equals in October 2020. Any decision with respect to the merger of Konecranes into Cargotec should be made solely on the basis of information . The extraordinary general meeting of Cargotec Corporation (" Cargotec ") held in Helsinki today, 18 December 2020, resolved to approve the merger of Cargotec and Konecranes Plc (" Konecranes ") and. Other competition agencies being notified of the Proposed Transaction Securities laws in the United States and in other jurisdictions restrict Cargotec from discussing or disclosing information with respect to the contemplated merger with Konecranes Plc. 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