XPO Logistics (NYSE:XPO) +2% after-hours following a Bloomberg report that it has revived a sale of its European supply chain business, after the process had paused during the pandemic.
The company has reached out to potential private equity and strategic buyers about the unit, which could fetch $4B-$4.5B in a sale, according to the report.
XPO reportedly retained advisers early this year to review strategic options, including potential sales or spinoffs, of business units in Europe and North America.
