On Thursday 24 February, the European Commission approved the proposed merger between Cargotec (Finland) and Konecranes (Finland). The authorisation is conditional on the transfer of certain businesses.
According to Margrethe Vestager, Executive Vice-President responsible for competition policy, after remedies proposed by the two companies, “customers in Europe will continue to have sufficient choice of port equipment and will continue benefiting from competitive prices and a great choice...