Thursday, March 29, 2012

Cargotec marine unit IPO may help fund acquisitions

Finnish cargo handling equipment maker Cargotec is considering acquisitions and may use funds from a possible Singapore listing of its marine unit to help finance them, its chief executive said on Wednesday, according to Reuters.

Cargotec said last week it may list the unit, which makes equipment such as ship cranes for offshore load handling.

No comments:

Post a Comment