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Thyssenkrupp Sale Is Uncertain As The European Steel Industry Struggles

The German industrial giant Thyssenkrupp intends to sell its struggling steel business, although what deal will be done remains uncertain. What is clear is...
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European Commission OKs Sale of Thyssenkrupp Elevator Division

Thyssenkrupp announced on Thursday, June 19, that the European Commission has cleared the sale of its elevator division to a private equity consortium including...
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Thyssenkrupp May Break Up In Effort To Survive

According to Bloomberg Law, Thyssenkrupp will shrink and focus on higher-margin businesses as the coronavirus pandemic speeds the break up of one of Germany’s...
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Thyssenkrupp Sells Elevator Unit For $18.7B To Advent

Thyssenkrupp on Thursday, February 27, announced it agreed to sell its elevators division to a consortium of Advent, Cinven and Germany's RAG foundation for...
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Kone Offers $19B For Thyssenkrupp’s Elevator Business

Finland’s Kone has offered about 17 billion euros ($18.9 billion) for Thyssenkrupp’s elevator unit, the highest bid so far, drawing skepticism from one of...
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EU: Thyssenkrupp to attract at least 4 bidders for lifts business

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EU: Kone signals Thyssenkrupp elevator interest

Kone might sell some parts of Thyssenkrupp’s elevator business if the Finnish firm wins an auction to buy it, the CEO of the world’s...
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EU: Thyssenkrupp files complaint over EC’s veto

According to Reuters, Thyssenkrupp on Thursday, August 22, stated it was filing a complaint with a European court to dispute an antitrust decision that...

EU: Brussels blocks Thyssenkrupp and Tata Steel deal

Thyssenkrupp and Tata Steel’s plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned that the deal would...

EU: Kone looks at options for potential Thyssenkrupp elevator deal

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...
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