Kone might sell some parts of Thyssenkrupp’s elevator business if the Finnish firm wins an auction to buy it, the CEO of the world’s No.3 elevator maker said.
Such a move will be necessary to gain antitrust approval, people familiar with the matter have said. Kone is one of at least 10 potential bidders for Thyssenkrupp’s 15 billion euro ($16.7 billion) lifts business.
The group has for years been keen to buy Thyssenkrupp Elevator Technology (ET), the world’s No.4 elevator maker.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
