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Japanese Rivals Study Bids for TK Elevator’s European Assets, Deal Could Fetch €5 Billion
Japanese elevator makers, including Mitsubishi Electric Corp. and EQT AB-owned Fujitec Co., are among potential suitors studying bids for TK Elevator's European operations. The deal, aimed at clearing antitrust approvals for Kone Oyj's takeover of TK Elevator, could fetch around €5 billion ($5.6 billion) or more, according to people familiar with the matter.
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