BREAKING NEWS

Thyssenkrupp elevator unit attracts at least three major bidders - sources

Thyssenkrupp elevator unit attracts at least three major bidders - sources
FILE PHOTO: A n elevator shaft is pictured inside Thyssenkrupp's elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo -
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Michaela Rehle(Reuters)
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FRANKFURT (Reuters) – At least three major bidding groups have submitted indicative offers seeking a majority stake in Thyssenkrupp’s <TKAG.DE> elevator unit, four people familiar with the matter said.

The bidders are also prepared to take a minority stake if it helps to win over key stakeholders at the group, including activist fund Cevian, which favours an outright sale, and labour representatives, who oppose this.

All parties were not immediately available for comment or declined to comment.

(Reporting by Christoph Steitz, Tom Kaeckenhoff, Arno Schuetze and Edward Taylor; Editing by Tom Sims)

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