Explainer: Ups and downs - the battle to buy Thyssenkrupp's elevator unit
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FRANKFURT/DUESSELDORF (Reuters) - Finland's Kone and private equity firms are battling to buy ThyssenKrupp's prized elevator division worth more than 15 billion euros (12.74 billion pounds), a deal which would be Europe's biggest private equity deal in 13 years.Thyssenkrupp says it will either list the business, sell either a stake or the business in its entirety as the company aims to cut 12.4 billion euros ($13.7 billion) in debt and pension liabilities.The deadline for binding bids for the..