--Morgan Stanley is considering a possible sale of German rail-wagon hire company VTG AG, financial daily Handelsblatt reports, citing unnamed sources.

--The U.S. bank, which holds 57% of VTG shares, has instructed Goldman Sachs and Credit Agricole to examine strategic options, according to Handelsblatt, citing the sources.

--VTG could be valued at EUR6 billion-EUR7 billion, including debt, with a sale process starting in the first quarter of 2022, Handelsblatt says.

 

Full story in German: https://bit.ly/3p8ExXs

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

November 26, 2021 07:01 ET (12:01 GMT)

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