September 5, 2017 / 3:51 PM / 2 years ago

BRIEF-Konecranes says Terex to sell its shares in company

Sept 5 (Reuters) - Konecranes ABP

* Konecranes says Terex Corp has announced its intention to sell shares in Konecranes in an accelerated book-building process and Konecranes has waived certain transfer restrictions

* Konecranes says Terex Corp has intention to sell up to 5,150,000 shares corresponding to approximately 6.54 percent of all outstanding shares in Konecranes

* Says pricing of share sale will be agreed at close of book-building process

* Says Terex has agreed to certain restrictions, including a restriction that no purchaser will own more than 3 percent of total number of Konecranes shares.

* Says company has agreed to the potential sale of up to additional 3 percent of the total number of Konecranes shares to any existing shareholders participating in the share sale despite their earlier shareholding in Konecranes Further company coverage: (Reporting By Simon Johnson)

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