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Cargotec Corporation Announces Share Repurchase Details

Cargotec Corporation Announces Share Repurchase Details

Cargotec Corporation: Announcement of Share Repurchase

Cargotec Corporation has shared important updates regarding its share repurchase activities. These recent transactions are part of the company's strategy to manage its capital effectively.

Details of Recent Share Repurchase

On a specific trading date, Cargotec executed a buy transaction on the stock exchange. Here are the details of the trades:

  • Share: CGCBV
  • Amount: 10,000 Shares
  • Average Price/Share: 45.9689 EUR
  • Total Cost: 459,689.00 EUR

This transaction is part of Cargotec Corporation's ongoing commitment to boost shareholder value through strategic repurchases.

Current Shareholding Status

After the share repurchase, Cargotec Corporation now holds a total of 479,050 shares, including those acquired in the latest transaction.

Overview of the Company

Cargotec is recognized for its innovative solutions in the cargo handling sector, operating through two primary brands: Hiab and MacGregor. Hiab focuses on delivering sustainable and intelligent on-road load-handling solutions, while MacGregor specializes in maritime cargo and load handling. In 2023, the company reported sales of around EUR 2.5 billion and employs over 6,000 individuals.

Contact Details

If you have any further questions, please reach out to:

Aki Vesikallio, Vice President, Investor Relations, at tel. +358 40 729 1670.

Frequently Asked Questions

What is the purpose of the Cargotec share repurchase?

The share repurchase is part of Cargotec's strategy to effectively manage capital and enhance shareholder value.

How many shares did Cargotec repurchase?

Cargotec repurchased a total of 10,000 shares during the recent transaction.

What is the average price per share during the repurchase?

The average price per share for the recent repurchase was 45.9689 EUR.

What is Cargotec’s position after the recent repurchase?

After the repurchase, Cargotec holds a total of 479,050 shares.

Who should be contacted for more information regarding Cargotec?

For more information, contact Aki Vesikallio, Vice President, Investor Relations, via telephone.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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