Possible bidders for Thyssenkrupp's elevator division are under pressure to...
FILE PHOTO: Guido Kerkhoff, CEO of steelmaker Thyssenkrupp AG, speaks during the annual shareholders meeting in Bochum, Germany, February 1, 2019. REUTERS/Wolfgang Rattay
FRANKFURT - Possible bidders for Thyssenkrupp’s elevator division are under pressure to come up with firm offers, the conglomerate’s chief executive told German magazine Der Spiegel. “Strategic investors and private equity will miss out at first if a listing happens,” Guido Kerkhoff was quoted as saying. “This is putting them under pressure. You won’t believe how many phone calls I’m currently getting from that corner.”
Thyssenkrupp is evaluating a deal for elevators, seen worth up to 14 billion euros , in a dual-track process which could result in an initial public offering, a joint venture or an outright sale.
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