August 22, 2019 / 8:53 AM / 25 days ago

Several PE funds interested in Thyssenkrupp elevators division - report

FILE PHOTO: An elevator shaft is pictured inside Thyssenkrupp's elevator test tower in Rottweil, Germany, September 25, 2017. The 246 metre construction will test innovative elevator technology. REUTERS/Michaela Rehle

BERLIN (Reuters) - Private equity funds Advent, Apollo (APO.N), CVC, Carlyle (CG.O), KKR (KKR.N) and probably also EQT are among the parties interested in Thyssenkrupp’s (TKAG.DE) elevators division, Germany’s Manager Magazin reported on Thursday.

The magazine, which did not name its sources, said informal talks were already underway.

Thyssenkrupp boss Guido Kerkhoff has agreed to consider a sale of its prized elevators business to help turn around the stricken conglomerate.

Reporting by Michelle Martin, editing by Emma Thomasson

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