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XPO Inc. (NYSE:XPO) has renewed a sale of its European transportation business almost two years after it shelved a plan to sell the operation.
The logistics company is working with advisers to solicit potential interest in the business, according to a Bloomberg report late Wednesday, which cited people familiar with the matter. The unit may see as much as $2 billion a sale.
Deliberations about a possible sale are ongoing and XPO may decide to keep the business, according to the report.
A potential sale comes after XPO announced in December 2022 that it ended plans to divest its European business, citing weakened capital markets in Europe.
XPO (XPO) announced in March 2022 it planned to divest its European business and North American intermodal operation. XPO said it expected to divest its European business through either a sale or a listing on a European stock exchange.
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