Palfinger General Meeting Supports Further Growth

Companies ♦ Published: November 4, 2011; 15:21 ♦ (Vindobona)

The Management Board of the Austrian crane manufacturer was authorized to buy back own shares that may be used as acquisition funding.

Palfinger General Meeting Supports Further Growth / Picture: © Palfinger

With its resolutions adopted on Thursday evening, the General Meeting of Palfinger AG increased the Company’s flexibility in funding further growth. Acquisitions in the customary magnitude may still be funded from cash flows. For large-scale growth projects, the Management Board is now also able to take corporate actions.

Specifically, the Management Board was authorized to buy…

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