Kone tries to limit asset sales as it seeks Brussels’ approval for €29bn megadeal

Kone, a Finnish lift and escalator maker, is attempting to retain its TK Elevator’s operations in Spain and Portugal as it pushes for EU approval of its €29bn merger. This strategic move highlights the company's effort to preserve regional champions, a key concern for Brussels. The decision will test the EU’s stance on maintaining local industry leaders amid large-scale corporate consolidations, which could set a precedent for future mergers.