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EU: Kone signals Thyssenkrupp elevator interest

By  |  October 23, 2019

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

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