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Konecranes Plc has become aware that its chairman of the board is facing criminal charges for aggravated subsidy fraud in the so called business park matter concerning the company called Industry Park East Management Oy. Konecranes is not a party in the matter.
According to Stig Gustavson, the matter is related to his position in 2011-2012 as the chairman of the board of the business park company that has since ran into financial difficulties. The purpose of the business park initiative was to help Finnish SMEs to become established in Russia. Stig Gustavson finds the charges unfounded and demands the court reject them in the upcoming trial.
KONECRANES PLC
Miikka Kinnunen
Director, Investor Relations
FURTHER INFORMATION
Mr. Ole Johansson, vice-chairman of the board, Konecranes Plc, call-back requests tel. +358 40 195 5511
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Nasdaq Helsinki
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www.konecranes.com
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,900 employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq Helsinki (symbol: KCR1V).