Cargotec Says Kalmar Is Planned To Be Demerged To Form A Separate Listed Company As From 1 July 2024
May 27 (Reuters) -Cargotec Corp CGCBV.HE:
KALMAR IS PLANNED TO BE DEMERGED TO FORM A SEPARATE LISTED COMPANY AS FROM 1 JULY 2024
CARGOTEC IS LOOKING FOR A SOLUTION FOR MACGREGOR DURING 2024
IF PLANNED ACTIONS ARE COMPLETED, CURRENT CARGOTEC WOULD COMPRISE OF HIAB AS A STANDALONE BUSINESS.
CARGOTEC - BOARD WOULD THEN APPOINT PRESIDENT OF HIAB BUSINESS SCOTT PHILLIPS AS PRESIDENT AND CEO OF RENAMED COMPANY BEING CURRENT CARGOTEC
CARGOTEC - SHOULD SUCH ACTIONS BE CARRIED OUT AS PLANNED CASIMIR LINDHOLM ANNOUNCED INTENTION TO STEP DOWN AS PRESIDENT AND CEO AT SUCH POINT
CURRENT CARGOTEC CFO MIKKO PUOLAKKA WOULD CONTINUE AS CFO OF STANDALONE HIAB
CURRENTLY ESTIMATES THAT THESE CHANGES TO TRANSFORM INTO STANDALONE HIAB COULD TAKE PLACE DURING 2025
ALSO AIMS FOR A GROWING DIVIDEND OF 30-50 PERCENT OF EPS AND TO KEEP GEARING BELOW 50 PERCENT
Source text for Eikon: ID:nGNE5PL8tZ
Further company coverage: CGCBV.HE
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