financetom
Business
financetom
/
Business
/
Blackstone mulls selling stake in visa firm VFS Global, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Blackstone mulls selling stake in visa firm VFS Global, Bloomberg News reports
Sep 13, 2024 2:34 PM

Sept 12 (Reuters) - Blackstone is considering

options including a sale of its majority stake in visa

application outsourcing and technology services firm VFS Global

after receiving interest from prospective investors, Bloomberg

News reported on Thursday.

A potential transaction could value VFS at about $7 billion,

Bloomberg reported, citing people familiar with the matter.

Blackstone and VFS did not immediately respond to Reuters'

requests for comment.

Alternative asset manager Blackstone bought a majority stake

in VFS Global from EQT AB in October 2021, with EQT

retaining a minority position.

Blackstone has held preliminary discussions with advisers to

evaluate a full or partial stake sale in VFS, and one of the

options could include bringing in a minority investor to help

raise cash and boost growth, the Bloomberg report said.

Considerations are at an early stage and Blackstone may

still decide against pursuing a deal, the report said.

Headquartered in Zurich and Dubai, VFS Global provides

technology solutions and support to governments and diplomatic

missions worldwide on visa outsourcing services, according to

its website.

It manages non-judgmental and administrative tasks related

to applications for visa, passport, and consular services for

governments.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Mrigank

Dhaniwala and Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Quantum BioPharma Announces US$7 Million Whistleblower Reward
Quantum BioPharma Announces US$7 Million Whistleblower Reward
Oct 8, 2025
08:51 AM EDT, 10/08/2025 (MT Newswires) -- Quantum BioPharma ( QNTM ) Wednesday announced a potential cash reward of up to US$7 million to anyone who can provide definitive and verifiable proof of efforts to manipulate the company's stock. The company has filed a $700 million lawsuit against CIBC, RBC and other banks over alleged stock manipulation. The company confirmed...
T. Rowe Price to Vote Against Thoma Bravo Acquisition of Dayforce
T. Rowe Price to Vote Against Thoma Bravo Acquisition of Dayforce
Oct 8, 2025
08:49 AM EDT, 10/08/2025 (MT Newswires) -- T. Rowe Price Group ( TROW ) , which is one of Dayforce's ( DAY ) largest shareholders, said in a regulatory filing Wednesday it opposes an acquisition of the workforce management platform it said is at an underwhelming valuation. Dayforce ( DAY ) announced in August that it has agreed to be...
Leidos Wins Kazakhstan Air Traffic Control System Contract
Leidos Wins Kazakhstan Air Traffic Control System Contract
Oct 8, 2025
08:50 AM EDT, 10/08/2025 (MT Newswires) -- Leidos ( LDOS ) said Wednesday it signed a contract with Kazakhstan's air navigation service provider Kazaeronavigatsia to modernize the country's air traffic control system. The company said it will upgrade the systems that help air traffic controllers manage planes as well as install its SkyLine-X air traffic management system for end-to-end surveillance,...
Skeena Resources Up After Raising $143.8 Million Via Bought Deal Financing
Skeena Resources Up After Raising $143.8 Million Via Bought Deal Financing
Oct 8, 2025
08:51 AM EDT, 10/08/2025 (MT Newswires) -- Skeena Resources ( SKE ) Wednesday said it closed the previously announced bought deal offering for $143.8 million, including the full exercise of the underwriters' over-allotment option to buy up to an additional 781,500 common shares at the offering price. U.S.-listed shares of the company were last seen up 5.7% at $18.56 in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved