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Sale instead of IPO: Thyssenkrupp reviews offers for the elevator sector

2019-09-04T12:13:24.550Z


In fact, Thyssenkrupp wanted to partially float its elevator business on the stock market. But now, according to a report, the group is pushing ahead with a possible sale.



The troubled industrial group Thyssenkrupp could also sell its elevator division, rather than partially launching it. The "Handelsblatt" reports citing industry circles, the management of CEO Guido Kerkhoff have written letters in recent days to potential buyers. They were invited to submit an offer.

"We have clearly stated that, in addition to the preparation of the IPO, we are examining the expressions of interest of potential interested parties," the Group announced. That's what the company does conscientiously. "That's why we've started a structured process to evaluate offers from strategic investors and financial investors to ensure that our decision is sustainable and best for Thyssenkrupp and its stakeholders."

In August, CEO Kerkhoff told SPIEGEL that in the event of a lucrative bid for the elevator division, the plan for an IPO could be stopped.

Share is increasing

The fact that the company is now increasingly looking for buyers was well received by the stock market. The shares of Thyssenkrupp At around noon, they raised their profits to just under four percent.

Source: spiegel

All business articles on 2019-09-04

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