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Thyssenkrupp says it still wants to float its elevators unit

Published 07/08/2019, 08:10 AM
Updated 07/08/2019, 08:16 AM
Thyssenkrupp says it still wants to float its elevators unit
KNEBV
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TKAG
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BERLIN (Reuters) - Thyssenkrupp (DE:TKAG) on Monday said it was sticking to plans to float its elevator business after a media report said the conglomerate was planning to start talks in autumn on selling the unit.

Thyssenkrupp shares traded 2.7% higher at 1140 GMT, with a trader pointing to a Bloomberg report which said the company was planning to hold sale talks.

While there has been frequent speculation that Finland's Kone (HE:KNEBV) might bid for the division, a Thyssenkrupp spokesman said that an initial public offering was still the plan, echoing what the company's CEO Guido Kerkhoff said in June.

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