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European Commission approves sale of Thyssenkrupp elevator division

Европейская комиссия одобрила продажу подразделения лифтов Thyssenkrupp
Thyssenkrupp said the European Commission has approved the sale of the elevator division to a private equity consortium including Advent, Cinven and the German RAG foundation, paving the way for the closing of the deal. Thyssenkrupp said: "Under the contract with the buyers, it was agreed that the closing of the deal will take place by 31 July 2020."

The € 17.2 billion deal agreed in February gives Thyssenkrupp much-needed cash to fund pension obligations and reduce debt.


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