HK's Hillhouse said to decide against Thyssenkrupp’s elevator unit bid

HK's Hillhouse said to decide against Thyssenkrupp’s elevator unit bid

Hillhouse Capital founder Zhang Lei. Photographer: Paul Yeung/Bloomberg

Embattled steel giant Thyssenkrupp AG has narrowed the list of bidders for its elevator unit, which is expected to fetch more than 15 billion euros ($17 billion), people familiar with the matter said.