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XPO Company (NYSE:XPO) is promoting its European transportation enterprise once more, almost two years after shelving plans to promote the enterprise.
The logistics firm is working with advisers to solicit potential curiosity within the enterprise, in keeping with Bloomberg On Wednesday night, the information quoted folks accustomed to the matter as saying. The unit’s gross sales may very well be as excessive as $2 billion.
Deliberations over a doable sale are reportedly ongoing, and XPO may determine to maintain the enterprise.
In December 2022, XPO introduced the top of plans to divest its European operations, citing weak European capital markets, with a doable sale to comply with.
XPO (XPO) introduced plans in March 2022 to divest its European operations and North American intermodal operations. XPO mentioned it anticipated to spin off its European enterprise by way of a sale or itemizing on a European inventory alternate.
