Tag: Thyssenkrupp
Thyssenkrupp, Tata Lose Fight Against EU Veto
Thyssenkrupp and Tata Steel have lost their fight against a European Union antitrust veto of their proposed landmark joint venture, after Europe's second-highest court...
Thyssenkrupp Sale Is Uncertain As The European Steel Industry Struggles
The German industrial giant Thyssenkrupp intends to sell its struggling steel business, although what deal will be done remains uncertain. What is clear is...
European Commission OKs Sale of Thyssenkrupp Elevator Division
Thyssenkrupp announced on Thursday, June 19, that the European Commission has cleared the sale of its elevator division to a private equity consortium including...
Thyssenkrupp May Break Up In Effort To Survive
According to Bloomberg Law, Thyssenkrupp will shrink and focus on higher-margin businesses as the coronavirus pandemic speeds the break up of one of Germany’s...
Thyssenkrupp Sells Elevator Unit For $18.7B To Advent
Thyssenkrupp on Thursday, February 27, announced it agreed to sell its elevators division to a consortium of Advent, Cinven and Germany's RAG foundation for...
Kone Offers $19B For Thyssenkrupp’s Elevator Business
Finland’s Kone has offered about 17 billion euros ($18.9 billion) for Thyssenkrupp’s elevator unit, the highest bid so far, drawing skepticism from one of...
EU: Thyssenkrupp to attract at least 4 bidders for lifts business
Full Content: Financial Times
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EU: Kone signals Thyssenkrupp elevator interest
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...
EU: Thyssenkrupp files complaint over EC’s veto
According to Reuters, Thyssenkrupp on Thursday, August 22, stated it was filing a complaint with a European court to dispute an antitrust decision that...
EU: Brussels blocks Thyssenkrupp and Tata Steel deal
Thyssenkrupp and Tata Steel’s plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned that the deal would...
