Kone could partner up for Thyssenkrupp elevator bid - sources

Reuters

Published Sep 05, 2019 15:36

Kone could partner up for Thyssenkrupp elevator bid - sources

FRANKFURT (Reuters) - Finland's Kone (HE:KNEBV) is considering teaming up with a partner to help pull off a bid for Thyssenkrupp's (DE:TKAG) elevator business, three people familiar with the matter said.

Kone, which analysts say would be a good strategic fit for Thyssenkrupp's elevator division, could mitigate antitrust risks by selling assets in a potential deal to a partner in a consortium, one of the people said.