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Exclusive: Thyssenkrupp-Kone merger would trigger litigation war - Schindler

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Exclusive: Thyssenkrupp/Kone deal will trigger litigation war - Schindler

FILE PHOTO: Thyssenkrupp's elevator test tower is pictured in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle/File Photo

“We would probably file lawsuits in Europe, the United States, Canada, China and possibly Australia. These cases would take at least three to four years,” Schindler, who currently serves as the Swiss company’s chairman emeritus, said. While an outright sale to Kone would probably raise the most cash for the beleaguered conglomerate, Thyssenkrupp is concerned it might trigger antitrust investigations in a number of markets where the combined company could become a dominant player.

 

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