KCI Konecranes builds cranes in Ukraine
11/01/2006
Finnfund has made its first investment commitment in Ukraine. Zaporozhcrane is also Finnfund’s first joint venture with the KCI Konecranes. KCI Konecranes is a world leading crane technology and service company.
Finnfund has on 28th December 2005 obtained a 46% share of the Zaporozhcrane Holding company. The holding company and KCI Konecranes own the Ukrainian crane company Zaporozhcrane.
In October 2005 KCI bought the majority of the crane company Zaporozhcrane through a holding company with the intention of reducing its ownership stake below 50%.
After this transaction KCI Konecranes holds 49% and Finnfund 46% of the shares of Zaporozhcrane Holding. Other shareholders consist of the operative management of the holding company and crane company Zaporozhcrane.
Zaporozhcrane is Finnfund’s first joint venture with the KCI Konecranes. This is also Finnfund’s first project financed in Ukraine.
”This project strengthens the position of the Finnish company in Central and Eastern Europe and also creates new possibilities for Finnish suppliers”, said Matti Kerppola, Senior Investment Manager of Finnfund.
KCI Konecranes is a world leading crane technology and service company. The Group has 5000 employees in 35 countries.
For further information please contact Mr Matti Kerppola, Senior Investment Manager, tel. +358 9 3484 3334 or by email firstname.lastname@finnfund.fi
