11:19 AM EDT, 07/18/2024 (MT Newswires) -- (Updates with additional details in second and third paragraphs.)

Robert Bosch GmbH is the frontrunner to acquire the portfolio of heating and ventilation assets being sold by Johnson Controls International ( JCI ) , Bloomberg reported Thursday, citing people with knowledge of the matter.

The companies are in advanced discussions about the terms of the potential deal and Bosch is looking to reach an agreement in the next few weeks, the report said.

The assets could be valued at several billion dollars under the deal, the report added.

Neither Bosch nor Johnson Controls ( JCI ) immediately responded to MT Newswires' requests 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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