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Company News

Brookfield, Temasek team up for Thyssenkrupp elevator bid - sources

FRANKFURT/DUESSELDORF, Germany, Jan 10 (Reuters) - Canada’s Brookfield Asset Management has teamed up with Singapore state investor Temasek Holdings in the auction for Thyssenkrupp’s prized elevator division, two people familiar with the matter said.

The tie-up creates another powerful private equity consortium for the 15 billion euro ($16.6 billion) asset, which Thyssenkrupp plans to sell or list, ahead of a Jan. 13 deadline for binding bids.

Brookfield and Temasek both declined to comment.

$1 = 0.9015 euros Reporting by Christoph Steitz, Arno Schuetze and Tom Kaeckenhoff; editing by Thomas Seythal

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