EQT to launch sale of German energy services firm Getec in Q3

Buyout firm EQT is preparing to launch the sale of German energy services firm Getec after the summer break and has mandated an investment bank to oversee the process, people familiar with the matter said.

EQT, which bought a 60% stake in Getec in 2016, is working with Morgan Stanley on the sale, expected to be worth several billion euros.

Utilities and infrastructure investors are being targeted as potential buyers of Getec, which supplies heat and electricity to industrial and real estate clients such as shopping malls.

EQT is a global investment organization founded in 1994, dedicated to investing in, developing, and owning companies across multiple regions, sectors and business models.

EQT and Morgan Stanley declined to comment.

Source: Yahoo Finance