Kone plans sale of TK Elevator's European business to ease antitrust concerns
Kone is planning to sell most of TK Elevator's European business to address antitrust concerns related to its proposed €29.4 billion ($33.3 billion) acquisition of its German rival.
3 billion) purchase of its German rival, two people familiar with the matter said. The planned divestment is aimed at easing regulatory scrutiny of the deal, according to the people familiar with the matter.