RERMAG

Pon Sells Its Cramo Shares

Netherlands-based Pon Holdings BV, parent company to Waco, Texas-based Equipment Depot and Chicago-based Equipment Depot, last week sold its 28.4 percent stake in Cramo PLC.

Cramo is the new name of Helsinki, Finland-based multi-national rental company Rakentajain Konevuokraamo Oyj, which approved the name change at its shareholder meeting Nov. 20.

Pon sold its 8.51 million shares for €14.5 (about U.S. $19) each.

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