BLOOMBERG reports:
XPO Logistics Inc. is reviving a sale of its European supply chain business, according to people familiar with the matter, after the process had paused during the coronavirus pandemic.
The business, which does contract logistics, could fetch between $4 billion and $4.5 billion in a potential sale, one of the people said, asking not to be identified because the information isn’t public.
The company has reached out to potential private equity and strategic buyers in recent weeks, the people said, asking not to be identified because the information isn’t public.
No final decisions have been made and XPO could still opt to keep the businesses, the people said. A representative for XPO declined to comment.
XPO retained advisers to review strategic options, including sales or spinoffs, of business units in Europe and North America, Bloomberg News reported at the start of the year.
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