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Elevator proceeds must stay with Thyssenkrupp - steel labour boss

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By Reuters
Elevator proceeds must stay with Thyssenkrupp - steel labour boss
FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. The 246 metre construction will test innovative elevator technology. REUTERS/Michaela Rehle/File Photo   -   Copyright  Michaela Rehle(Reuters)

DUISBURG, Germany (Reuters) – Proceeds from a potential sale of Thyssenkrupp’s <TKAG.DE> elevator division must stay with the group, a leading labour representative said on Thursday, rejecting the idea of a special dividend for shareholders.

The comments by Tekin Nasikkol, who heads the works council of Thyssenkrupp Steel Europe, come a day after Thyssenkrupp’s supervisory board reviewed first expressions of interest for the division, which some analysts say could be worth up to 17 billion euros (15.41 billion pounds).

(Reporting by Tom Kaeckenhoff; writing by Christoph Steitz; editing by Riham Alkousaa)