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XPO Company (New York:XPO) has renewed the sale of its European transportation business nearly two years after cancelling a plan to sell the operations.
The logistics company is working with consultants to attract potential interest in the business, according to Bloomberg Report Late Wednesday, citing people familiar with the matter, the unit could see as much as $2 billion in sales.
Discussions are currently underway regarding the possibility of selling the company, and XPO will likely decide to retain the business, according to the report.
The potential sale comes after XPO announced in December 2022 that it had ended plans to divest its European business, citing weak capital markets in Europe.
XPO (XPO) announced in March 2022 that it plans to divest its European business and North American intermodal operations. XPO said it expects to divest its European business either through a sale or a listing on a European stock exchange.