FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo

BERLIN (Reuters) - Thyssenkrupp TKAG.DE on Monday said it was sticking to plans to float its elevator business after a media report said the conglomerate was planning to start talks in autumn on selling the unit.

Thyssenkrupp shares traded 2.7% higher at 1140 GMT, with a trader pointing to a Bloomberg report which said the company was planning to hold sale talks.

While there has been frequent speculation that Finland's Kone KNEBV.HE might bid for the division, a Thyssenkrupp spokesman said that an initial public offering was still the plan, echoing what the company's CEO Guido Kerkhoff said in June.