Generic placeholder image
Thyssenkrupp shares rise on hopes of deal with Finland's Kone
BERLIN (Reuters) - Shares in Thyssenkrupp rose as much as 7.2% on Thursday after Reuters reported Finnish company Kone is assessing the viability of a bid for the German conglomerate's 14 billion euro (12 billion pounds) elevators division.Thyssenkrupp last week dropped plans to spin off its capital goods business after months of shareholder criticism, and opted instead to list elevators, its most profitable division.Four people familiar with the matter said it was not clear if Kone could fund an all-cash bid and whether or not the deal would face significant anti-trust hurdles similar to Thyssenkrupp's failed steel joint venture with India's Tata Steel.
feature-top
Image
Generic placeholder image
Thyssenkrupp shares rise on hopes of deal with Finland's Kone
BERLIN (Reuters) - Shares in Thyssenkrupp rose as much as 7.2% on Thursday after Reuters reported Finnish company Kone is assessing the viability of a bid for the German conglomerate's 14 billion euro (12 billion pounds) elevators division.Thyssenkrupp last week dropped plans...
feature-top
© 2019 fedium | Privacy | Terms | Support
Get it on Google Play Available on App Store