Konecranes considers sale of real estate

30 November 2006

Print Page

The facilities, which are predominantly in production, warehouse and office use, comprise approximately 73,000 sq m on a total land area of roughly 240,000 sq m.

Konecranes' return on capital employed is currently 26.6% - but its ambition level is higher. A decision is yet to be made, but Advium Corporate Finance, eQ Bank Ltd. is acting as Konecranes’ financial advisor - and will also determine the market value of the properties.

After the potential transaction, the companies currently operating in the facilities are expected to continue their normal operations under operating lease agreements.

Plans could be finalised during the first quarter of 2007.