Kone reportedly plans to launch a sale of most of TK Elevator’s European business to address antitrust concerns

Reuters reports in The Economic Times, citing two people familiar with the matter, that Kone plans to launch a sale of most of TK Elevator’s European business this fall. The move is intended to address antitrust concerns over Kone’s planned €29.4 billion acquisition of its German rival. One source said the sale process could start in November. Kone said divestments may be necessary to secure regulatory clearance.