Vossloh AG (VOS), the world’s largest maker of rail fasteners, is weighing a sale of its transportation division and has been approached by at least one potential Chinese buyer, people familiar with the matter said.
The transportation unit, which may be valued at as much as 600 million euros ($787 million), has attracted interest from Chinese rail companies such as China Railway Materials, said the people, who asked not to be identified as talks are private. Vossloh, a family-owned company based in Werdohl, Germany, is working with UBS AG (UBSN) to explore a possible disposal of the locomotive maker, they said. No decision has been made. (…)
via Vossloh Said to Weigh Transport Unit Sale Amid Chinese Approach – Businessweek.