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Comment: Cargotec, Konecranes to face EU scrutiny over container-handling deal

By Andrew Boyce ( October 14, 2020, 16:23 GMT | Comment) -- Cargotec’s plan to merge with rival Konecranes is almost certain to draw intense scrutiny from EU regulators as the two Finnish companies appear to have a near-monopoly over sales of some equipment used to transport and handle containers at terminals. When the European Commission last reviewed a Konecranes deal four years ago, it said the two companies combined had nearly 100 percent of sales of straddle carriers in Europe and very high market shares for other equipment. Today, as four years ago, Konecranes is likely to warn of looming competition threats from Chinese rivals making inroads in Europe.Cargotec’s plan to merge with rival Konecranes is almost certain to draw intense scrutiny from EU regulators as the two companies appear to have a near monopoly over sales of some equipment used to transport and handle containers at terminals....

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