Reuters logo
8 months ago
BRIEF-Konecranes sells STAHL CraneSystems business to Columbus McKinnon
December 7, 2016 / 7:39 AM / 8 months ago

BRIEF-Konecranes sells STAHL CraneSystems business to Columbus McKinnon

1 Min Read

Dec 7 (Reuters) - Konecranes Oyj :

* Has signed agreement with Columbus McKinnon Corporation regarding divestment of STAHL CraneSystems business

* Will receive cash proceeds of 224 million euros - 230 million euros ($240.1-$246.5 million) from transaction depending on 2016 result of STAHL CraneSystems

* Expects to book after-tax capital gain of about 190 million euros upon closing of STAHL divestment

* Says will use proceeds from STAHL CraneSystems divestment to amortize loans related to MHPS Acquisition Source text for Eikon: Further company coverage: ($1 = 0.9329 euros) (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below