Kone Oyj (KNEBV.HE)
17 Aug 2018
July 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
HELSINKI, July 19 Elevator maker Kone reported on Thursday that its quarterly profits fell more than expected, but added that pressure on its margins would start to ease towards the end of the year, thanks to price increases in China.
HELSINKI, July 19 Finnish elevator-maker Kone is interested in industry consolidation, its chief executive said on Thursday when asked about a report on M&A talks between Kone and Germanyæs Thyssenkrupp.
FRANKFURT Thyssenkrupp's foundation, the company's largest shareholder, pledged to work with unions and management to appoint a successor to its chairman Ulrich Lehner.
DUESSELDORF/FRANKFURT The chairman of Germany's Thyssenkrupp has resigned, following the company's chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate.
FRANKFURT Large shareholders of Thyssenkrupp and Kone have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily.
FRANKFURT With a planned steel joint venture in reach, Thyssenkrupp has pledged to refine its strategy by the second half of the year, with some shareholders expecting more radical and structural changes to remove a discount on the stock.
HELSINKI Elevator maker Kone reported on Wednesday falling quarterly profits, citing price pressure in China, higher raw material prices and unfavorable foreign exchange rates.