HELSINKI (AFX) - KCI Konecranes said it has raised its stake in MMH Holdings Inc, the owner of US-based Morris Materials Handling, to 90.9 pct from 74.5 pct.
The group paid some 10.3 mln usd for the additional 16.4 pct stake.
The Finnish handling company increased its holding in Morris Materials to 74.5 pct last month.
Morris Materials Handling manufactures cranes and provides maintenance services for the industry and its sales reached 170 mln usd last year. azer.sawiris@afxnews.com afs/jfr COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited