The Economic Times

KONE, TK Elevator seek CCI nod for India business merger after 29.4 billion global deal

Global elevator giants KONE and TKE seek regulatory approval for their merger in India. This significant transaction, valued at over twenty-nine billion euros, is a major corporate event. KONE plans to acquire sole control over TKE, which operates in India. The companies face competition regulators over market overlaps in elevator services. Both firms are seeking approval for this substantial business combination.