Reuters: Private Equity: Buyout firms bid for Peugeot's GEFCO unit -sources

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Buyout firms bid for Peugeot's GEFCO unit -sources Jun 1st 2012, 11:29 By Sophie Sassard and Simon Meads PARIS/LONDON, June 1 | Fri Jun 1, 2012 7:29am EDT PARIS/LONDON, June 1 (Reuters) - A field of mainly private equity firms has tabled offers for logistics group GEFCO, valuing the business that ships cars around the world for French auto maker PSA Peugeot Citroen at up to 1.2 billion euros ($1.48 billion), people familiar with the situation said. At least six private equity groups including Apollo, Axa Private Equity, Bain, CVC, PAI and Pamplona tabled indicative offers for up to 90 percent of the trucking unit, four people said. Geodis, the logistics business owned by French state-owned rail operator SNCF, studied an offer for the company, but did not bid, two of the people said.

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