Cargotec and Konecranes jointly decide to cancel planned merger after CMA blocks deal
The UK Competition & Markets Authority (CMA) has blocked the merger between Cargotec and Konecranes. According to the CMA’s final report issued on 29th March, the remedies – which would have removed all overlapping businesses of the two companies and were accepted by the EC – would not be effective in addressing the CMA’s concerns…