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Update (adds lenders): Advent and Cinven to buy Thyssenkrupp's lift unit

01 Mar 2020

Senior debt financing of c.EUR10.25bn is being lined up to back the EUR17.2bn buyout of German industrial conglomerate Thyssenkrupp's lift technology business by investor duo Advent and Cinven.

The capital structure is being finalised, but is said to include EUR5.55bn

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