✉news BusinessBusiness first seen 7 h ago, last 36 min ago, peak #1
Kone to sell TK Elevator's European business over antitrust concerns
Original: Kone plans TK Elevator Europe sale to address antitrust concerns, sources say
Finnish elevator maker Kone is planning to sell TK Elevator's European operations in an effort to address antitrust concerns, according to sources cited by Reuters. The move would be aimed at clearing the way for regulatory approval of the deal. Details on buyers or the size of the business being divested were not given in the initial report.
Why now: A major planned divestiture by Kone to satisfy regulators is fresh business news of wide industry interest.
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