Cargotec Corporation Announces Share Repurchase
Overview of the Share Repurchase
Cargotec Corporation has executed a share repurchase during its recent trading activities. The company's efforts in the market reflect its commitment to enhancing shareholder value.
Details of the Transaction
The recent transaction involved the purchase of 11,000 shares under the ticker CGCBV. The average price paid per share was EUR 45.8170, leading to a total expenditure of EUR 503,987.00.
Total Shares Held
With this repurchase, Cargotec Corporation now maintains a total of 469,050 shares, which includes the shares acquired during the recent buyback.
Company Information
Cargotec Corporation, listed on Nasdaq Helsinki under the ticker CGCBV, operates within the cargo handling sector. The company’s divisions, Hiab and MacGregor, focus on delivering innovative and sustainable cargo handling solutions. In the past year, Cargotec reported sales of approximately EUR 2.5 billion and currently employs over 6,000 individuals.
Contact Information
For further inquiries, please reach out to:
Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670
Frequently Asked Questions
What is the purpose of the share repurchase?
The share repurchase is aimed at enhancing shareholder value and demonstrating the company’s commitment to its investors.
How many shares did Cargotec repurchase?
Cargotec Corporation repurchased a total of 11,000 shares.
What is the total cost of the recent share repurchase?
The total cost of the repurchased shares was EUR 503,987.00.
What is the average price per share in this transaction?
The average price paid per share during this transaction was EUR 45.8170.
What are the main business areas of Cargotec Corporation?
Cargotec operates primarily in cargo handling solutions through its divisions Hiab and MacGregor, providing innovative and sustainable options for various industries.
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