Kone in talks to buy TK Elevator for 25 billion euros
Kone is in talks to buy TK Elevator for up to 25 billion euros. Owners Advent and Cinven are considering a sale due to recent equity market volatility.
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Finnish industrial group KONE OYJ-B, headquartered in Finland, is engaged in negotiations to acquire its competitor TK Elevator. The transaction, which could be finalized in the coming weeks, reportedly seeks a valuation of up to 25 billion euros ($28.74 billion) including debt.
