) and the Canada Pension Plan Investment Board look best-placed to reach the final round but no decision has been made, the people said.
While a sale to Kone would probably raise the most cash for Thyssenkrupp, the beleaguered conglomerate is concerned it could trigger antitrust investigations where the combined company would be a major player, such as Europe and the United States. Powerful labor unions, who control half of Thyssenkrupp’s supervisory board, oppose any breakup of the business as well as antitrust reviews.
“There will be a technology war. It is already ongoing but it will intensify massively,” he said, without giving specifics.
Wait I thought I heard Schindler is closing fully
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Exclusive: Thyssenkrupp-Kone merger would trigger litigation war - SchindlerSwiss elevator maker Schindler would embark on an all-out antitrust offensive in...
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