January 28, 2020 / 1:07 PM / a month ago

Kone confirms interest in Thyssenkrupp elevator business

HELSINKI, Jan 28 (Reuters) - Kone chief executive Henrik Ehrnrooth confirmed on Tuesday the Finnish company’s interest in its German rival Thyssenkrupp’s elevator business but declined to say whether it had bid or not.

The company was due to make a bid on Jan. 27 for Thyssenkrupp’s elevator business, seen valued at around 15 billion euros ($16.64 billion).

“We believe we would be a good owner for Thyssenkrupp,” Ehrnrooth said, adding Kone would not be interested in a minority stake in its rival.

Thyssenkrupp has also shortlisted three private equity consortia in the auction, sources have told Reuters.

$1 = 0.9014 euros Reporting by Anne Kauranen, editing by Louise Heavens

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