Thyssenkrupp launches sale of elevator division: Reuters

Thyssenkrupp has put its most profitable division, its elevator unit, up for sale, Reuters reported. Thyssenkrupp sent out letters asking for expressions of interest to private equity and strategics, including KKR, Bain and Blackstone, the story said. The elevator unit is valued at between 12 billion and 17 billion euros ($13-$19 billion), Reuters said.