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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

THYSSENKRUPP AG

(TKA)
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Thyssenkrupp Focuses Talks for Elevator Deal on Two Consortia

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02/17/2020 | 10:08am EDT

By Kim Richters

 

Thyssenkrupp AG said Monday that is concentrating on negotiations with two consortia of financial investors for the divestment of its elevator division.

The industrial conglomerate said it is focusing on talks with one group consisting of Blackstone Group Inc., Carlyle Group Inc. and the Canada Pension Plan Investment Board, as well as a consortium including Advent International Corp. and Cinven Group Ltd.

Missing from the list of potential buyers is Finnish company Kone Oyj, which said separately Monday that they are withdrawing from discussions.

Thyssenkrupp said it aims "to reach an agreement quickly on a majority or full sale."

A listing on the stock market continues to be an option for the unit and would be possible from early summer if the companies don't reach an agreement, it said.

The company, which is reviewing its portfolio, has been considering options for its elevator business, expecting to make a decision at the end of February.

Chief Executive Martina Merz said last month that interested parties had confirmed the value of the division at over EUR15 billion.

 

Write to Kim Richters at kim.richters@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
KONE -0.93% 51.16 Delayed Quote.-11.43%
THE BLACKSTONE GROUP INC. -8.64% 41.7956 Delayed Quote.-18.54%
THE CARLYLE GROUP INC. -8.59% 20.065 Delayed Quote.-32.51%
THYSSENKRUPP AG -5.33% 4.585 Delayed Quote.-60.40%
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Financials (EUR)
Sales 2020 36 637 M
EBIT 2020 213 M
Net income 2020 2 304 M
Debt 2020 6 660 M
Yield 2020 1,24%
P/E ratio 2020 0,61x
P/E ratio 2021 27,4x
EV / Sales2020 0,26x
EV / Sales2021 0,19x
Capitalization 2 968 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 10,50  €
Last Close Price 4,77  €
Spread / Highest target 229%
Spread / Average Target 120%
Spread / Lowest Target -7,93%
EPS Revisions
Managers
NameTitle
Martina Merz Chief Executive Officer
Siegfried Russwurm Chairman-Supervisory Board
Johannes M. Dietsch Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Member-Supervisory Board
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