The Palfinger family that owns the Austrian loader crane manufacturer of the same name plans to sell about a third of the company this year by a public placement of shares. The flotation will either be on the Frankfurt or the Vienna stock exchange – the final decision has yet to be taken.
The timing of the sale will be influenced by which stock exchange is chosen, the company said, as a Vienna sale would be able to proceed sooner than on the busier Frankfurt exchange in neighbouring Germany.
Palfinger claims a 25% share of the world market for truck-mounted knuckle-boom cranes, selling more than 7,000 a year.
