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German industrial group says sides ‘far apart’ and it will now develop division itself
News sends shares in German group up more than 7%
Needless to say, it’s been a mad year in the realm of alternative investments
Former titan of German industry is on course for another cash-haemorrhaging year
Results underline pressure facing German group to sell off underperforming businesses
Tycoon’s audacious bid for German conglomerate’s arm likely to trigger union backlash
Ambitious swoop by deal-hungry businessman prompts jump in German group’s shares
Division forecasts deeper operating loss than analysts expected
Fund managers had complained that proposed protections were the ‘worst ever seen’
New private equity owners of lifts unit give themselves freedom to pile on more borrowing
Group seeks to trim exposure to €17.2bn megadeal struck just as pandemic began
German industrial conglomerate plans to shed businesses with €6bn turnover to create leaner structure
German industrial giant will transform into a company with ‘the leanest possible holding’
Losses at the steel unit have hit more than €300m in the second quarter of this year
Group says virus will hit restructuring, while private equity seeks to offload risk
Private equity firms look for others to help pay for industrial group’s lifts business
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Largest takeovers do not always generate the biggest returns
German group pulls off coup as buyout funds pay eye-watering sum for lift business
Advent and Cinven sale draws hard-fought bidding process to a close
Finnish liftmaker Kone withdrew its bid in wake of the announcement
German conglomerate hopes to offload lossmaking division to focus on steel
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