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...ThyssenKrupp declined to comment for this story....
...A restructuring process has included the sale of its prized elevator business to private equity for €17bn, as well as its car parts and stainless steel operations....
...In a rare win at a tightly contested extraordinary meeting last month, shareholders in elevator maker Fujitec approved four out of six candidates for non-executive directors that were proposed by Oasis to...
...Thyssenkrupp revived old plans to spin off its naval unit in March....
...Electrolyser maker Thyssenkrupp Nucera sketches out the way of things to come....
...One of her first moves as chief executive was to sell ThyssenKrupp’s elevator business to private equity firms in a €17bn deal....
...Thyssenkrupp has been through a painful retrenchment, which included the €17bn disposal of its elevator business. But further divestments would be desirable....
...FY, Novo Nordisk Q2, Orsted H1, Persimmon H1, Petrofac H1, Rakuten H1, Ralph Lauren Q1, RWE H1, Siemens Q3, Thyssenkrupp Q3, Watches of Switzerland Q1 trading update, Zurich Insurance H1 Friday France...
...However, on Wednesday Thyssenkrupp broke off talks, saying the parties were “far apart” in their plans for the business....
...airport monthly traffic figures plus the Royal Institution of Chartered Surveyors’ monthly residential market survey US, July PPI figures Results: Aegon Q2, Deutsche Telekom Q2, Salzgitter H1, Siemens Q3, ThyssenKrupp...
...In 2020 as the coronavirus pandemic disrupted markets, the group had been on the hook for the largest bridge loan in Europe, backing the €17bn buyout of ThyssenKrupp’s elevator division....
...Toshiba will also start the process of selling its lighting and elevator business....
...Its sprawling empire ranges from semiconductors to elevators and computer printers. Its current market capitalisation is $18bn and private equity bids have been mooted at up to $30bn....
...His viewers’ esprit de corps was contagious. A chorus of “BOOM” filled the chat whenever McKeever won a bet....
...Last year, it sold its highly-profitable lifts and elevators business for more than €17bn to a consortium of private equity groups, in order to pay off mounting debt and pension liabilities....
...You could have heard a €17bn elevator drop....
...The onset of the pandemic for the sector was marked by Europe’s biggest private equity deal in more than a decade: Schindler’s smaller rival Thyssenkrupp Elevator was bought from its eponymous German parent...
...Unable to escape a steady decline over the past decade, Thyssenkrupp sold its lucrative elevators business to a private equity consortium for €17bn in February, to help it pay down billions of euros in debt...
...Second prize would be a series of huge asset sales (the elevator and air conditioning businesses are prime candidates) followed by a massive share buyback into which the activists would sell their stakes...
...Then, in October, Gupta revealed an audacious bid for Thyssenkrupp’s steelmaking unit....
...This year, the German industrial group sold its elevators division for €17bn to private equity investors and preliminary talks have been held on a tie-up with Swedish steelmaker SSAB and Indian group Tata...
...Thyssenkrupp, which also makes submarines and earlier this year sold its prized elevator business to a consortium of private equity companies, said in May that it was in talks with rival steel producers...
...Following the blockbuster €17bn sale of its elevators division this year, Thyssenkrupp is “not under immediate pressure from a liquidity perspective because they’re sitting on more than €5bn in net cash”...
...Having already sold off its profitable elevator division, a further break-up looks inevitable....
...index UK, Heathrow monthly traffic figures US, consumer price figures ABN Amro Q2, Admiral Group H1, Ahold Delhaize Q2, Cathay Pacific H1, Deliveroo H1, eBay Q2, Eon H1, Prudential H1, Salzgitter H1, Thyssenkrupp...
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