antitrust regulators

Finnish elevator maker Kone is preparing to sell TK Elevator's European operations to ease antitrust concerns linked to its acquisition of the company, sources told Reuters. The divestment would aim to satisfy competition regulators who might otherwise block or delay the deal. Details of the buyer and timing have not yet been confirmed.

Finland's Kone is preparing to sell TK Elevator's European business to address antitrust concerns linked to its planned acquisition, according to Reuters sources. The move aims to reassure competition regulators that the deal will not give the combined company excessive control of the European elevator market, and it could prove decisive for whether the transaction is approved.