07:55 AM EDT, 07/08/2024 (MT Newswires) -- KKR & Co ( KKR ) is considering the revival of the sale of Singapore-based global supply chain and logistics company Goodpack in a potentially multibillion-dollar deal, The Wall Street Journal reported Monday, citing people familiar with the plan.

The sources said that the private-equity firm is in early discussions with advisers to sell Goodpack and a formal sales process could start in late Q3 or early Q4 if there is market interest.

KKR acquired Goodpack in 2014 for more than $1 billion after which it was delisted, according to WSJ.

One of the sources said that the company considered a potential sale in 2020, but it failed to materialize due to the pandemic and volatile market conditions.

KKR did not immediately respond 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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