Consortium to acquire thyssenkrupp Elevator Technology

Advent International, Cinven and RAG-Stiftung have signed definitive agreements to acquire thyssenkrupp's Elevator Technology business. thyssenkrupp AG will reinvest and retain a substantial minority stake.

“Advent International, Cinven and RAG-Stiftung today announced that they have signed definitive agreements with thyssenkrupp AG to acquire thyssenkrupp's Elevator Technology business.”cinven.com

• 3 sources
• cinven.comAdvent International, Cinven and RAG-Stiftung to acquire thyssenkrupp’s Elevator Technology businessFeb 28, 2020
• cnbc.comThyssenkrupp shares rise on elevator dealReutersFeb 28, 2020
• news.mergerlinks.comAdvent, Cinven and RAG to acquire Thyssenkrupp elevator technology business for $18.7bn.Mar 2, 2020

Summarized from public sources; check the original articles before acting on it.