Webinar :Register now for Commodity Ki Paathshala webinar on ‘FPOs & Agriculture Marketing-The Beginning of a New Era’ on January 22, 4pm
you are here: HomeNewsBusiness

Thyssenkrupp closes $20.4 billion elevator unit sale

The group in February had agreed to sell the asset to a consortium led by private equity firms Advent, Cinven, with Germany's RAG foundation acting as co-investor.

July 31, 2020 / 05:11 PM IST

Thyssenkrupp on Friday said it successfully closed the 17.2 billion euro ($20.4 billion) sale of its elevator division, leaving the ailing conglomerate with a cash lifeline but robbing it of its best asset.

The group in February had agreed to sell the asset to a consortium led by private equity firms Advent, Cinven, with Germany's RAG foundation acting as co-investor.
Reuters
first published: Jul 31, 2020 05:00 pm
Sections