Cargotec Corporation Announces Share Repurchase
Overview of the Share Repurchase
Cargotec Corporation has recently carried out a share repurchase as part of its trading activities. This initiative underscores the company's dedication to increasing shareholder value.
Details of the Transaction
In this latest transaction, Cargotec purchased 11,000 shares under the ticker CGCBV. The average price for each share was EUR 45.8170, resulting in a total expenditure of EUR 503,987.00.
Total Shares Held
Following this repurchase, Cargotec Corporation now holds a total of 469,050 shares, which includes the shares acquired in this recent buyback.
Company Information
Cargotec Corporation is listed on Nasdaq Helsinki under the ticker CGCBV and operates in the cargo handling sector. The company's divisions, Hiab and MacGregor, are dedicated to providing innovative and sustainable cargo handling solutions. Over the past year, Cargotec reported sales of approximately EUR 2.5 billion and currently employs more than 6,000 people.
Contact Information
If you have any questions, please contact:
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 aims to enhance shareholder value and show 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 for the repurchased shares amounted to EUR 503,987.00.
What is the average price per share in this transaction?
The average price paid per share in this transaction was EUR 45.8170.
What are the main business areas of Cargotec Corporation?
Cargotec primarily operates in cargo handling solutions through its divisions Hiab and MacGregor, offering innovative and sustainable options for various industries.