Category: Finance

Thyssenkrupp CEO warms up to elevator unit sale after profit warning

August 08, 2019, 01:29:00 AM EDT By Reuters Reuters By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Germany, Aug 8 (Reuters) – Germany’sThyssenkrupp on Thursday issued its fourth profit warning under current boss Guido Kerkhoff, who agreed to consider a sale of its prized elevators business to help turn around the stricken conglomerate. The crown jewel in a
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Thyssenkrupp Weighs Elevator Stake Sale as Buyers Circle

By Eyk Henning, William Wilkes, and Aaron KirchfeldJuly 8, 2019, 4:28 AM PDT Updated on July 8, 2019, 9:10 AM PDT Thyssenkrupp AG has received interest from competitors and buyout firms for a stake in its 15 billion-euro ($16.8 billion) elevator unit, prompting the German industrial firm to explore a sale alongside its planned listing, people familiar with the matter said.
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United Tech names CEOs for future independent Carrier and Otis businesses

Published: June 3, 2019 8:38 a.m. ET By CIARA LINNANE CORPORATE NEWS EDITOR United Technologies Corp. UTX, -1.64% on Monday named the chief executives for the future independent Carrier heating and cooling business and Otis, its elevator business. The company said David Gitlin will become president and CEO of Carrier, from his role as chief operating officer of Collins
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UTC chief sees possible, though complicated, deal between Otis and German elevator manufacturer

By Stephen Singer | Hartford Courant | May 21, 2019 | 3:39 PM Otis Elevator could enter talks for a deal with Thyssenkrupp AG’s elevator business that’s being spun off from the German conglomerate, but a tie-up won’t happen soon and would be complicated, the chief executive officer of United Technologies Corp. said Tuesday. UTC
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