Solidium Oy has acquired 3.0% of the shares in Konecranes Plc has 93,0 million.
Konecranes is a world-leading group of lyftverksamheter, with a wide customer database that includes the engineering and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing solutions and services for lifting equipment of all makes. The group has 17 000 employees at 600 locations in 50 countries.
“Konecranes is an excellent addition in the Solidiums portfolio. Its strong market positions and superior technological knowledge in the machine – and metallproduktindustrins value chain is clearly tempting factors. We consider Konecranes to be a great investment with good potential for value appreciation. While the Terex avyttar their shares strengthens and stabilizes the Solidiums placement domestic ownership in the company,” says Antti Mäkinen, Solidiums managing director.
Further information: managing director Antti Mäkinen, tel. +358 (0)10 830 8905
Solidium is a limited company entirely owned by the Finnish government whose mission is to strengthen and stabilise domestic ownership in nationally important companies and increase the currency of the economic value in the long term. The basis for the Solidiums strategy and a key objective is a good management of the current holdings as well as to increase their value. Solidium is a minority owner in twelve listed companies (Elisa Oyj, Kemira Oyj, Metso Corporation, Outokumpu Oyj, Outotec Oyj, Sampo Oyj, SSAB AB, Stora Enso Oyj, Talvivaaran Kaivososakeyhtiö Oyj, Telia Company AB, Tieto Corporation, and Valmet Corporation).
The market value of the Solidiums equity investments amounted to approximately eur 8.2 billion as at 23 may 2017.
More detailed information is available on the www.solidium.fi/sv
