Comment: UK review of Cargotec-Konecranes deal skeptical of Chinese threat argument
By Andrew Boyce ( July 28, 2021, 15:19 GMT | Comment) -- Cargotec and Konecranes appear to face a tough task securing approval for their combination in the UK as well as the EU, judging from the British merger regulator’s initial findings. In referring the merger for an in-depth probe, the Competition and Markets Authority said the two makers of container- and cargo-handling equipment accounted for a “near monopoly” globally in the market for straddle carriers. It also cast doubt on a claim of looming competition from Chinese state-owned engineering giant ZPMC.Cargotec and Konecranes appear to face a tough task securing approval for their combination in the UK as well as the EU, judging from the British merger regulator’s initial findings....
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