Thyssenkrupp Proceeds With Elevator Sale After Ceo Switch: Sources

by reuters.com posted 1year ago 44 views
* PE firms, strategic investors likely among bidders - source. : FRANKFURT/DUESSELDORF, Germany (Reuters) - Thyssenkrupp (TKAG.DE) will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as the closely-watched auction gathers pace regardless of the planned ousting of CEO Guido Kerkhoff. Bidders invited to the next round will likely include private equity groups KKR (KKR.N), Blackstone (BX.N), CVC [CVC.UL] and Clayton Dubilier & Rice as well as strategic firms Kone (KNEBV.HE) and Hitachi (6501.T), one of the sources said.