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Kone prepares sale of TK Elevator's European business over antitrust concerns
Original: Finland's Kone prepares sale of TK Elevator's European business to tackle antitrust concerns, sources say
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.
Why now: Sources have reported that Kone is preparing a divestment to win antitrust clearance for its TK Elevator deal.
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