Buyout offers exit if Thyssen gets stuck in lift edwardcropley
Private equity groups Advent International, Cinven and the Abu Dhabi Investment Authority are teaming up to bid for Thyssenkrupp’s lifts business, the Financial Times reported on Sept. 17.
The paper said the joint private bid would be likely to face stiff competition from Finnish lift maker Kone and Japan’s Hitachi, potentially pushing its valuation as high as $20 billion.
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