Thyssenkrupp Shortlists Private-Equity Consortia for Elevator Divestment -Reuters

Date : 01/20/2020 @ 5:33PM
Source : Dow Jones News
Stock : thyssenkrupp AG (TKA)
Quote : 4.49  -0.163 (-3.50%) @ 8:47AM

Thyssenkrupp Shortlists Private-Equity Consortia for Elevator Divestment -Reuters

thyssenkrupp (XE:TKA)
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--Germany's Thyssenkrupp is considering three consortia led by private-equity firms for the sale of its elevator business, Reuters reports, citing unnamed sources.

--The industrial company shortlisted a consortium led by Advent and Cinven, a group headed by Carlyle and Blackstone as well as a third bidding team led by Brookfield, according to Reuters, but elevator maker Kone could still submit a bid until Jan. 27.

--A spokesman for Thyssenkrupp, which is considering partly or fully divesting the division, declined to comment.

 

Full story: https://reut.rs/2v9Jx5P

 

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(END) Dow Jones Newswires

January 20, 2020 12:18 ET (17:18 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


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