Thyssenkrupp stake in TK Elevator has book value of 1 bln eur
ESSEN, Germany, Nov 19 (Reuters) -A minority stake Thyssenkrupp TKAG.DE still holds in the elevator business it sold to private equity more than four years ago has a book value of 1 billion euros ($1.06 billion), finance chief Jens Schulte told analysts on Tuesday.
Schulte said the company was flexible regarding its options for the stake, the size of which was not disclosed, adding it partly depended on the exit strategy of the current owners Advent, Cinven CINV.UL and Germany's RAG Foundation.
($1 = 0.9465 euros)
Reporting by Christoph Steitz, editing by Thomas Seythal
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
