Thyssenkrupp closes $20.4 billion elevator unit sale

Reuters

Published Jul 31, 2020 06:46AM ET

FRANKFURT (Reuters) - Thyssenkrupp (DE:TKAG) on Friday said it successfully closed the 17.2 billion euro ($20.4 billion) sale of its elevator division, leaving the ailing conglomerate with a cash lifeline but robbing it of its best asset.