--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

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

September 05, 2019 13:11 ET (17:11 GMT)

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