Solidium invests in Konecranes Plc
(Thomson Reuters ONE) -
Solidium Oy has acquired 3.0 per cent of the shares in Konecranes Plc for EUR
93.0 million.
Konecranes is a world-leading group of Lifting Businesses(TM), serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity enhancing lifting
solutions as well as services for lifting equipment of all makes. The Group has
17,000 employees at 600 locations in 50 countries.
"Konecranes fits perfectly into Solidium's portfolio. The appealing factors for
us are the company's strong market position combined with supreme technological
expertise in the engineering industry value chain. Konecranes is a very
interesting investment target and provides us with an opportunity for value
creation. As Terex has now sold down its stake in Konecranes, the investment
done by Solidium strengthens and stabilizes Finnish ownership in the company",
says Solidium's Managing Director Antti Mäkinen.
Further information: Managing Director Antti Mäkinen, tel. +358 (0) 10 830 8905
Solidium is a limited company wholly owned by the State of Finland. Its mission
is to strengthen and stabilize Finnish ownership in nationally important
companies and increase the value of its holdings in the long term. The basis and
core objective of Solidium's strategy is proper, value-enhancing asset
management of its current holdings. Through its stakes, Solidium is a minority
owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec,
Sampo, SSAB, Stora Enso, Talvivaara Mining Company, Telia Company, Tieto and
Valmet.
The market value of Solidium's equity holdings was approximately 8.2 billion
euros as of 23 May 2017.
Further information: www.solidium.fi/en
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Solidium Oy via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2017 - 09:40 Uhr
Sprache: Deutsch
News-ID 544271
Anzahl Zeichen: 2351
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Solidium invests in Konecranes Plc"
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