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Germany: Transport co turns to UBS for possible divestment

 |  June 7, 2013

Germany-based rail infrastructure company Vossloh has reportedly hired UBS to explore options for the company’s locomotives business as two unnamed sources told reporters the company is looking to possible sell the branch. According to reports, if a sale were to occur, a winning bid would likely come from an Asia-based conglomerate; any European bids would likely face issues in regulatory antitrust reviews. Some news outlets are reporting that China Railway Materials could be a possible contender for the locomotives business.

Full Content: Reuters

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