Deals
Insulation Firm Technoform Weighs Majority Stake Sale
- German group working with Goldman Sachs to explore options
- Stake sale could value Technoform at more than 1 billion euros
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German insulation specialist Technoform Caprano + Brunnhofer GmbH is exploring the sale of a majority stake that could value it at more than 1 billion euros ($1.2 billion), according to people familiar with the matter.
The company’s owners are working with Goldman Sachs Group Inc. as they weigh options, the people said, asking not to be identified discussing confidential information. They could begin talks with potential buyers later this year, according to the people.