Deals
XPO’s Europe Sale Is Said to Slow as Blackstone Drops Out
- Blackstone out of running following disagreements over price
- XPO seeking up to $4.5 billion for European supply chain unit
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XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.
Blackstone Group Inc., once seen as a favorite to win the auction, is now out of the running following disagreements over valuation, according to the people. XPO has been seeking as much as $4.5 billion for the contract logistics business, the people said, asking not to be identified because the information is private.