AndhraNews.net
Home » Business News » 2014 » July » July 18, 2014

Cargotec has decided to reverse the listing of MacGregor


July 18, 2014 - London

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 JULY 2014 AT 11.55 (EEST)

Cargotec has decided to reverse the listing of MacGregor

Cargotec has decided to reverse earlier plans to separately list its MacGregor business. Cargotec's Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the new MacGregor as part of the overall Cargotec portfolio.

MacGregor is seen as a key value driver for Cargotec with a broad range of competitive solutions. The existing strategy is successfully implemented by growing its merchant business and entering to additional offshore markets with its two recent acquisitions Hatlapa and Aker Solutions' former mooring and loading systems unit.

Further information for media:
Anne Westersund, Senior Vice President Communications and Public Affairs, tel. +358 20 777 4460

Further information for investors:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

HUG#1830656

GlobeNewswire

Comment on this story

Share