XPO Inc. (NYSE:XPO) has revived plans to sell its European transportation business, nearly two years after postponing the initiative.
As per a recent Bloomberg report, the logistics company is now engaging with advisors to gauge interest in the business, which could potentially fetch up to $2 billion.
Although deliberations regarding the prospective sale are still in progress, XPO might ultimately opt to retain the business, per the report.
The decision to consider a sale comes after XPO’s announcement in December 2022 that it had halted efforts to divest its European business due to challenging capital markets in Europe.
In an earlier move from March 2022, XPO had expressed intentions to divest both its European business and North American intermodal operation, aiming for a divestiture of its European segment through a sale or public listing on a European stock exchange.