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Cargotec-Konecranes merger sent for in-depth EU review

By Andrew Boyce and Natalie McNelis ( July 2, 2021, 16:20 GMT | Insight) -- The merger of Cargotec and Konecranes will go to an in-depth EU review, the European Commission said today, voicing concerns that the deal could reduce competition in the supply of certain container and cargo handling equipment in Europe. The regulator now has until Nov. 10 to decide on the deal.The merger of Cargotec and Konecranes will go to an in-depth EU review, the European Commission said today, voicing concerns that the deal could reduce competition in the supply of certain container and cargo handling equipment in Europe....

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