GEFCO on the block – report

© Cupertino10

REUTERS reports:

Gefco has been put up for sale by owners Russian Railways (RZhD) and carmaker Stellantis (STLA.MI) in a deal expected to be worth more than 2 billion euros ($2.39 billion), people close to the matter said.

The owners are working with JP Morgan (JPM.N) and Rothschild (ROTH.PA) on the divestiture, they said, adding potential buyers have already been asked to log their interest.