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Cargotec, Konecranes proposed merger faces Australian regulatory review

( August 5, 2021, 05:36 GMT | Official Statement) -- MLex Summary: Cargotec and Konecranes' plans to merge are facing an Australian competition review, the country's regulator has announced. In an update to the Australian Competition & Consumer Commission's public merger register today, the ACCC said it had begun a review of the merger, which the companies have said aims to create a "global leader" in container-handling equipment, with an announcement of the ACCC's findings due Oct. 28.The an excerpt from the ACCC's dedicated webpage for the deal follows; The ACCC's market inquiries letter is attached below. ...

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