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    HomeNewsBusinessThyssenkrupp closes $20.4 billion elevator unit sale

    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.

    Reuters
    July 31, 2020 / 17:11 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

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