03:39 PM EDT, 05/16/2024 (MT Newswires) -- (Updates with details and attempts to seek comments.)

Waste Management (WM) is considering the sale of its renewable natural gas unit that may be worth roughly $3 billion, Reuters reported Thursday, citing sources with knowledge of the details.

The company has tapped JPMorgan Chase to help gauge interest from potential buyers, the report said. Potential buyers could include energy companies and private equity firms.

"We are always looking for ways to maximize the value of our renewable energy business for our shareholders, which may range from organic growth initiatives to partnerships or monetization through a sale," Reuters quoted the company as saying.

Waste Management and JPMorgan Chase did not immediately reply 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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