07:36 AM EST, 11/12/2024 (MT Newswires) -- Carlyle Group Inc ( CG ) is considering an initial public offering or sale of Flender GmbH, a Germany-based mechanical and electrical drive technology provider, as it looks to exit the business, Bloomberg reported, citing people familiar with the matter.

The business could be valued at 3 billion euro to 4 billion euro ($3.2 billion to $4.3 billion) in a deal, the people told Bloomberg, adding that a transaction could happen as soon as Q4 2025.

Carlyle did not immediately respond to a request for comment from MT Newswires.

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