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Cargotec-Konecranes New Zealand merger review suffers further delay

By Laurel Henning ( March 11, 2022, 00:43 GMT | Insight) -- Plans by Finnish rivals Cargotec and Konecranes to create a merged “global leader” in container-handling equipment have suffered a further setback today in New Zealand, after the country’s competition regulator announced another delay to its review of the deal. In an update to the New Zealand Commerce Commission’s dedicated webpage for the review, the watchdog said it had postponed a decision on the merger, which had been expected today, to April 28, aligning it timeline with that of a similar probe underway in Australia.Plans by Finnish rivals Cargotec and Konecranes to create a merged “global leader” in container-handling equipment have suffered a further setback today in New Zealand, after the country’s competition regulator announced another delay to its review of the deal....

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