A logo of ThyssenKrupp AG is pictured outside the ThyssenKrupp headquarters in Essen November 23, 2017. — Reuters pic
“The company has decided to prioritise further negotiations with two consortia of financial investors,” Thyssenkrupp said in a statement, adding it was “on the home stretch”. “The objective is to reach an agreement quickly on a majority or full sale,” Thyssenkrupp said, although “if no agreement can be reached with a bidder, an IPO remains an option.”
The group as a whole lost €304 million in its 2018-19 financial year, prompting chief executive Martina Merz to declare the elevators sale her “priority” in January.
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