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Suspected aggravated fraud in Cargotec's MacGregor business area - police preliminary investigation ongoing

03.06.2019 klo 10:10 Suspected aggravated fraud in Cargotec's MacGregor business area - police preliminary investigation ongoing



CARGOTEC CORPORATION, PRESS RELEASE, 3 JUNE 2019 AT 10.10 AM (EEST)
Suspected aggravated fraud in Cargotec's MacGregor business area - police
preliminary investigation ongoing

Cargotec confirms that the National Bureau of Investigation in Finland has
initiated a preliminary investigation about a suspected aggravated fraud in
connection with its MacGregor business area. The National Bureau of
Investigation issued a statement about the case earlier today (in Finnish only).
Cargotec detected the suspected financial fraud during an internal review and
made an investigation request to the Finnish authorities. The suspected
misconduct does not have an impact on Cargotec's financial result.

Cargotec has a zero tolerance policy for misconduct, and is fully supporting the
authorities in their investigations. Due to the incompleteness of the
preliminary investigation, no further information will be issued at this point.
Neither MacGregor or Cargotec are suspected of criminal actions.

Cargotec, corporate communications:
Telephone number +358 400 971 842 or +358 40 570 1878

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better
everyday with its leading cargo handling solutions and services. Cargotec's
business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through
their unique position in ports, at sea and on roads, they optimise global cargo
flows and create sustainable customer value. Cargotec's sales in 2018 totalled
approximately EUR 3.3 billion and it employs around 12,000 people.
www.cargotec.com



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Source: Cargotec Corporation via GlobeNewswire
http://www.cargotec.com
GlobeNewswire