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Triton assumes Cargotec's obligations in TTS merger following Chinese approval

( July 9, 2025, 05:59 GMT | Official Statement) -- MLex Summar: Private equity firm Triton will assume the four obligations originally imposed on Finnish cargo-handling machinery maker Cargotec by the Chinese market regulator in the conditional clearance of Cargotec's acquisition of the marine and offshore businesses from TTS Group in 2019. The update was announced in a statement released today by China's State Administration for Market Regulation. The decision comes after the regulator approved Triton's acquisition of Cargotec's maritime cargo-handling business on July 8 and accepted Triton's commitment to take over Cargotec's unfinished obligations. Cargotec is now relieved of its remaining obligationsThe statement follows:...

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