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...The €17.2bn price tag for Thyssenkrupp’s elevator business looks steep today, following the drop in valuations since their peak just a few weeks ago....
...The writer is chairman of CaixaBank A fight has broken out over the future of Thyssenkrupp. Activist shareholders want the German industrial giant to sell off its highly profitable elevator division....
...Selling off the elevator unit may prompt a rebound in ThyssenKrupp’s share price, but the prospect of the company rejoining the Dax appear slim....
...The industry is already preparing for another busy year of dealmaking in 2020, with targets including Thyssenkrupp’s elevator business, which could potentially fetch as much as $20bn in what would be one...
...First on the chopping block is the company’s prized elevator division — a business her predecessor was desperate to keep a hold of — which could fetch up to €20bn and give Thyssenkrupp a much needed lift...
...(FT) Elevator makers’ sales pitch Advent International, Cinven and the Abu Dhabi Investment Authority are teaming up to bid for ThyssenKrupp’s lifts business, setting the stage for a multibillion-euro battle...
...• ThyssenKrupp Elevator Date founded: 1999 Country: Germany The lift-manufacturer’s new rope-free elevator system, Multi, is transforming the way that buildings can be designed....
...Meanwhile, ThyssenKrupp’s elevator and other technology units are likely to register further growth....
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