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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

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