Swedish private equity group EQT has put up for sale part of the real estate services business it bought from Germany’s Bilfinger for 1.2 billion euros ($1.3 bln) less than two months ago, two sources close to the matter said.
EQT has asked Deutsche Bank to find a buyer for the buildings construction part of the business, the sources said. It has approached several construction groups and a deal may be finalised as early as August, they said.
Peers include Strabag, Porr and Vinci .
EQT said in June when it bought the whole asset that it would invest in the business and aimed to make it Europe’s top real estate services firm. The part now up for sale specialises in constructing retail and commercial buildings.
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