Thyssenkrupp will weed out some potential suitors for its elevator unit within t...
A consortium consisting of private equity firms Advent and Cinven [CINV.UL] and the Abu Dhabi Investment Authority, the world’s third-biggest sovereign wealth fund, is also expected to be included, the people said.
Kone’s CEO Henrik Ehrnrooth has previously said he’s keen on a deal, saying ET and Kone would be a perfect match. A full sale of ET would likely draw opposition from labor representatives, according to people familiar with the matter, a substantial hurdle as they control half of Thyssenkrupp’s supervisory board.
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