Johnson Controls Weighs Sale of HVAC Assets at $5 Billion Value
- Company working to gauge buyer interest in the assets
- JCI separately explores sale of air distribution tech unit
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Johnson Controls International Plc is exploring a sale of a portfolio of heating and ventilation assets that could be valued at as much as $5 billion, people with knowledge of the matter said.
The Milwaukee-based building products company is working with advisers as it seeks to gauge buyer interest in the assets, which sit within its Heating, Ventilation and Air Conditioning, or HVAC, division, according to the people.