06:59 AM EDT, 09/13/2024 (MT Newswires) -- Blackstone (BX) is eyeing a potential sale of its majority stake in travel visa outsourcing and technology services firm VFS Global, Bloomberg reported Friday citing people familiar with the matter.

The asset manager has been approached by several potential buyers including sovereign wealth funds interested in either part or all of the stake, potentially valuing VFS at about $7 billion, the report said.

One option being considered is selling to a minority investor to help raise cash, the report said

The discussions are preliminary and no deal may take place, the report said.

Blackstone did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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