Thyssenkrupp nears full sale of $17 billion elevator division - sources

Thyssenkrupp nears full sale of elevator unit: sources

) is nearing a full sale of its elevator division, three people familiar with the matter said, adding this would secure the highest valuation of about 16 billion euros to help it pay down debt.

The sale, potentially Europe’s biggest private equity transaction in 13 years, is entering its final stretch, with two buyout consortia in a neck-and-neck race to acquire the world’s fourth-largest lift maker.

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