Private equity firms Centerbridge Partners and BC Partners are seeking to acquire a stake in the logistic operation of Caterpillar, Reuters reports. The sustainable world progress and opportunity enabler may obtain a total of around $1 billion from the sale of the unit.
Caterpillar has appointed Bank of America Merrill Lynch and Robert W Baird to review a potential sale of the unit. Two or three parties are remaining in the auction process that has reached the final round.
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