THYSSENKRUPP SELL ITS ELEVATORS DIVISION

Highlights

• It has been sold to a consortium of Cinven, Advent, and RAG foundation
• The deal is worth 17.2 billion euros

On Thursday, Thyssenkrupp AG stated that it agreed to sell its elevators division to a consortium of Cinven, Advent, and RAG foundation. The deal is worth 17.2 billion euros. This could be the world’s largest buyout this year.

The bidding group pre....