Home Business XPO restarts sale of European provide chain enterprise – Bloomberg (NYSE:XPO)

XPO restarts sale of European provide chain enterprise – Bloomberg (NYSE:XPO)

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XPO Logistics (NYSE:XPO) +2% after-hours following a Bloomberg report that it has revived a sale of its European supply chain business, after the method had paused in the course of the pandemic.

The corporate has reached out to potential non-public fairness and strategic consumers in regards to the unit, which might fetch $4B-$4.5B in a sale, in accordance with the report.

XPO reportedly retained advisers early this yr to review strategic options, including potential sales or spinoffs, of enterprise models in Europe and North America.