Sept 12 (Askume) – Blackstone (BX.N) is considering options including outsourcing Visa applications and selling its majority stake in technology services company VFS Global after receiving interest from potential investors, Bloomberg reported on Thursday.
VFS could be valued at about $7 billion in a potential deal, Bloomberg reported, citing people familiar with the matter.
Blackstone declined to comment on the Bloomberg report, while VFS did not immediately respond to a Askume request for comment.
Alternative asset manager Blackstone bought a majority stake in VFS Global from EQT AB (EQTAB.ST) in October 2021 , with EQT retaining a minority stake.
Blackstone has held preliminary discussions with advisers to evaluate selling all or part of VFS, with one option being to bring in minority investors to help raise cash and boost growth, Bloomberg reported.
The discussions are still in the early stages and Blackstone could still decide not to go ahead with the deal, the report said.
According to its website , VFS Global, headquartered in Zurich and Dubai, provides technology solutions and support for visa outsourcing services to governments and diplomatic missions around the world .
It manages non-judicial and administrative functions related to government visa applications, passports and consular services.
