Magni buys back Dingli’s 20% share

Murray Pollok Managing Editor, IRN & Director of Content, KHL
Jenny Lescohier Editor, Rental Briefing

12 December 2023

Magni Telescopic Handlers has bought back the 20% stake in its business acquired by Chinese OEM Dingli in 2016. Magni paid €61.4 million to return to 100% ownership, having sold the stake to Dingli for €14.4 million in early 2016.

The transaction was announced by Dingli several weeks ago and…

Log in to continue reading

Log in for free access to this article and more, including:

  • Industry news and expert insight
  • Digital magazines and reports
  • Newsletters covering the topics that matter to you

If you haven’t completed your free registration yet, we’ll ask you for a few details before returning you to the article.

Login
CONNECT WITH THE TEAM
Euan Youdale Editor Tel: +44 (0)1892 786 214 E-mail: [email protected]
Pete Balistrieri Brand Manager - ALH & SA Tel: +1 414 940 9897 E-mail: [email protected]
Ollie Hodges Vice President, Sales - ALH & SA Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA