Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,442.60 +55.06 0.36%
S&P 500 1,678.06 +8.90 0.53%
Nasdaq 3,503.28 +1.16 0.03%
Ticker Volume Price Price Delta
STOXX 50 2,835.01 +13.36 0.47%
FTSE 100 6,840.27 +36.40 0.53%
DAX 8,530.89 +58.69 0.69%
Ticker Volume Price Price Delta
Nikkei 15,627.30 +246.24 1.60%
Hang Seng 23,261.10 -105.29 -0.45%
S&P/ASX 200 5,165.37 -14.69 -0.28%

Babcock Hires Bluestone for U.S. Military Unit Sale, Times Says

Dec. 18 (Bloomberg) -- Babcock International Group Plc, which owns U.K. naval dockyards, is seeking to sell its business that manages military bases in the U.S., the Sunday Times reported, citing unidentified sources.

The business could fetch as much as $150 million, with private equity firms said to be interested, the newspaper reported.

Babcock has hired Bluestone Capital investment bank to find a buyer, the Times said.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link