KONE : IPO of Thyssenkrupp's elevator technology business – what implications could this have?
>Thyssenkrupp to list its elevator division - Anticipating a rejection by the European Commission of the proposed merger of Thyssenkrupp and Tata Steel’s steel assets, the German group announced on Friday a change in strategy. It is to scrap its plan to split the group into two independent entities. It now wants to create a holding company to allow for more flexible management of its business portfolio. It also aims to list its elevator technology division while ...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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