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  • Thyssenkrupp closes $20.4 billion elevator sale

    * Sells elevator unit to Advent, Cinven-led consortium. * Cash proceeds to be used to cut debt, fund restructuring. * Shares up around 3% By Christoph Steitz. Thyssenkrupp said on Friday it had closed the 17.2 billion euro sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset.

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