Buyout firms bid for Peugeot's GEFCO unit -sources

June 1
9:06 AM 2012

A field of mainly private equity firms has tabled offers for logistics group GEFCO, valuing the business that ships cars around the world for French auto maker PSA Peugeot Citroen at up to 1.2 billion euros ($1.48 billion), people familiar with the situation said.

At least six private equity groups including Apollo, Axa Private Equity, Bain, CVC, PAI and Pamplona tabled indicative offers for up to 90 percent of the trucking unit, four people said.

Geodis, the logistics business owned by French state-owned rail operator SNCF, studied an offer for the company, but did not bid, two of the people said.

This article is copyrighted by Reuters

© 2023 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics