Blackstone Group Evaluates Major Stake Sale in VFS Global
Blackstone Group's Strategic Moves
Blackstone Group is rumored to be weighing a sale of its majority stake in VFS Global, valued at approximately $7 billion. This news follows growing interest from various investors keen on visa outsourcing and technology services.
Potential Outcomes of the Sale
- Initial discussions have been held with advisers about a full or partial stake sale.
- Blackstone may bring in a minority investor to ramp up cash flow and growth.
- Prominent interests include sovereign wealth funds.
The deliberations are still in the early stages, and Blackstone could choose to halt the sale.
About VFS Global
Headquartered in Zurich and Dubai, VFS Global offers vital administrative solutions for passport applications and visa consular services. Since 2001, the company has processed over 294 million applications and about 141 million biometric enrollments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.