Kone Looks at Options for Potential Thyssenkrupp Elevator Deal: Sources

Kone Looks at Options for Potential Thyssenkrupp Elevator Deal: Sources
A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen, November 23, 2017. REUTERS/Thilo Schmuelgen
Reuters
Updated:

FRANKFURT/DUESSELDORF—Finland’s Kone is assessing the viability of a bid for Thyssenkrupp’s 14 billion euro ($15.7 billion) elevators division even as the German conglomerate pursues plans to list it, four people familiar with the matter said.

Thyssenkrupp last week ditched a plan to spin off its capital goods business after months of shareholder criticism and opted instead to list elevators, its most profitable division, to raise badly needed cash.