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Kone could partner up for Thyssenkrupp elevator bid - sources

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By Reuters
Kone could partner up for Thyssenkrupp elevator bid - sources
FILE PHOTO: The logo of Thyssenkrupp AG at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen   -   Copyright  Thilo Schmuelgen(Reuters)

FRANKFURT (Reuters) – Finland’s Kone <KNEBV.HE> is considering teaming up with a partner to help pull off a bid for Thyssenkrupp’s <TKAG.DE> elevator business, three people familiar with the matter said.

Kone, which analysts say would be a good strategic fit for Thyssenkrupp’s elevator division, could mitigate antitrust risks by selling assets in a potential deal to a partner in a consortium, one of the people said.

Kone declined to comment.

(Reporting by Edward Taylor, Christoph Steitz, Tom Kaeckenhoff and Arno Schuetze, editing by Riham Alkousaa)