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Thyssenkrupp Open to Range of Offers for Elevator Business

  • German company is open to minority, majority offers for unit
  • Thyssenkrupp previously said it planned IPO for elevator unit
The Thyssenkrupp Elevator test tower in Rottweill, Germany.

The Thyssenkrupp Elevator test tower in Rottweill, Germany.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

Thyssenkrupp AG informed potential buyers of its elevator business that the crisis-hit firm will consider a range of bids for the unit, according to people familiar with the matter.

The company sent a letter Wednesday to potential investors in the elevator division, indicating it would be open to both minority and majority offers for the unit, said the people, who asked not to be identified discussing private information. The company had previously said it planned a minority public listing for the elevator business.