Kone CEO: Thyssenkrupp's Elevator Business Would Be Perfect Fit -Handelsblatt
05 September 2019 - 7:26PM
Dow Jones News
--Finnish elevator manufacturer Kone Oyj (KNEBV.HE) is
considering acquiring Thyssenkrupp AG's (TKA.XE) elevator business,
German daily Handelsblatt reports.
--"We have long been firmly convinced that Kone and Thyssenkrupp
Elevator are a perfect fit," Kone's Chief Executive Officer Henrik
Ehrnrooth said in an interview, according to the newspaper.
--Kone has been interested in the Thyssenkrupp's unit for some
time, with media reports and market speculation in the past
months.
--Thyssenkrupp has been reviewing different options to divest
its elevator business, saying it could consider an IPO or a sale.
It started a process to evaluate offers from strategic and
financial investors earlier this week.
Full story (in German): https://bit.ly/2k1ABtP
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(END) Dow Jones Newswires
September 05, 2019 13:11 ET (17:11 GMT)
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