Terex Corporation announced it has completed the sale of 7.45 million Class A shares representing 9.5% of the total shares outstanding of Konecranes Plc at a price of EUR 34.50 per share, a 3.25% discount to yesterday’s closing price. Total shares outstanding includes both Class A and Class B shares but does not include Konecranes treasury shares.
Following the offering, Terex will continue to hold approximately 12.15 million Class B shares, representing approximately 15.5% of the total shares outstanding of Konecranes.
Carnegie Investment Bank AB acted as Joint Bookrunner in the placing.