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Konecranes Considers Bid for Demag Cranes, FT Deutschland Says

Konecranes Oyj of Finland is mulling a takeover bid for Germany’s Demag Cranes AG, the Financial Times Deutschland reported, without saying where it got the information.

The assessment is at an “advanced” stage, the newspaper said in an e-mailed preview of an article to be published tomorrow.

Konecranes has hired advisers to assist with the proposal, and has organized financing, the newspaper said.

Spokesmen for both companies declined to comment, the newspaper added.

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