KONE : Cautious 2020 guidance, overshadowed by the announcement on thyssenkrupp
>KONE announces a non-binding offer on thyssenkrupp - In a press release issued yesterday evening, KONE announced that it has made an offer, non-binding at this stage, with a view to the acquisition of thyssenkrupp’s elevator technology division. The German group thyssenkrupp intends to make a decision before the end of March.Moreover, KONE has indicated that its bid has been made at a price that is “reasonably close†to that recently circulated, i.e. € 17bn. §rc...KONE is an elevator and escalator industry group based in Finland. Co. is engaged in the provision of products and services for the installation, modernization and maintenance of elevators, escalators and automatic building doors. Co. provides its products and services throughout the entire lifecycle of the equipment, beginning from the installation of new equipment to the maintenance and modernization during their lifecycle and the full replacement of the equipment. Co.'s customers are active in industry segments such as residential, office, retail, public transportation, hotel, hospital, and marine.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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