01:14 PM EDT, 03/18/2024 (MT Newswires) -- (Updates with response from Carlyle Group ( CG ) in the fourth paragraph.)

Carlyle Group ( CG ) is close to entering advanced talks to acquire a majority stake of the naval shipbuilding unit of Thyssenkrupp, Bloomberg reported Monday, citing unnamed sources.

The transaction could value the business at roughly 1.5 billion euros ($1.64 billion), including debt, the report said.

A Carlyle representative declined to comment, according to Bloomberg.

Carlyle declined 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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