Cargotec Corporation Announces Share Repurchase Details
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Cargotec Corporation: Share Repurchase Announcement
Cargotec Corporation has announced significant updates regarding its share repurchase activities. The latest series of transactions reflect the company’s strategy to manage its capital effectively.
Recent Share Repurchase Details
On a trading date, Cargotec undertook a buy transaction in the stock exchange. The details of the trades are as follows:
- Share: CGCBV
- Amount: 10,000 Shares
- Average Price/Share: 45.9689 EUR
- Total Cost: 459,689.00 EUR
This transaction is a part of Cargotec Corporation’s ongoing commitment to enhance shareholder value through strategic repurchases.
Current Shareholding Position
Following the share repurchase, Cargotec Corporation now holds a total of 479,050 shares, which includes those acquired during the most recent trade.
Company Overview
Cargotec, noted for its innovative solutions in the cargo handling industry, operates through its two major brands: Hiab and MacGregor. Hiab is focused on providing sustainable and smart on-road load-handling solutions, while MacGregor specializes in maritime cargo and load handling. In 2023, the company reported sales of approximately EUR 2.5 billion and has a workforce of over 6,000 employees.
Contact Information
For further inquiries, please contact:
Aki Vesikallio, Vice President, Investor Relations, 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.
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