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Essen (APA / Reuters) – ThyssenKrupp does not rest: According to a preliminary report of the "Handelsblatt" (Monday) is the boss of the largest single shareholder, the Krupp Foundation, Ursula Gather, with the majority shareholder Finnish elevator manufacturer Kone, Antti Herlin, about a fusion of divisions have spoken.
The first meeting had already taken place two years ago on Villa Hill, the newspaper reported without information from sources. Herlin then wrote a letter to ThyssenKrupp boss Heinrich Hiesinger, recently retired. "In the case of contacts requested by the majority shareholder of Kone, the Foundation has always referred to the responsibility of the company for issues relating to the elevator sector," said a statement from the Krupp Foundation. "Thyssen-Krupp AG's board of directors has always been informed of the discussions, and the company is solely responsible for comments and decisions regarding competitors' requests." Thyssenkrupp declined to comment on the report. Kone and Herlin were initially no opinion receivable.
The elevator division is considered the pearl of the group.Hiesinger and Kerkhoff have always opposed a sale or an IPO initiated by some investors. Kone would also have made frequent advances to ThyssenKrupp. "Analysts believe that a connection makes sense." Bank of America badyst, Merrill Lynch, has calculated that synergies of more than $ 570 million will have a positive impact. euros per year could be realized
~ ISIN DE0007500001 WEB http://www.thyssenkrupp.com/en/~APA301 2018-07 -15/22: 38
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