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Kone bid for Thyssenkrupp elevator unit below expectations - Handelsblatt

Kone bid for Thyssenkrupp elevator unit below expectations - Handelsblatt
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BERLIN (Reuters) – Finland’s Kone <KNEBV.HE> has submitted a bid for the elevator division of German industrial group Thyssenkrupp <TKAG.DE> that is 1 to 2 billion euros below those by private equity suitors, business daily Handelsblatt reported on Thursday.

Kone’s offer of about 15 billion euros is surprisingly low, the newspaper said, citing company and industry sources.

(Reporting by Thomas Seythal; Editing by Tom Sims)

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