✉news BusinessBusiness first seen 19 h ago, last 34 min ago, peak #1
Kone plans TK Elevator Europe sale to ease antitrust concerns
Original: Kone plans TK Elevator Europe sale to address antitrust concerns, sources say
Finnish elevator maker Kone is preparing to sell TK Elevator's European business in an effort to address antitrust concerns tied to its acquisition, according to sources cited by Reuters. Divesting the European operations would aim to satisfy competition regulators reviewing the deal, which combines two major players in the elevators and escalators market.
Why now: News of a major planned divestiture to clear regulatory hurdles in a significant industry deal is drawing attention.
Rank over time, top of the chart is #1. 15 snapshots from 19 h ago to 34 min ago.
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