According to Bloomberg News, Blackstone is thinking about selling its majority stake in VFS Global, a company that helps with visa applications. They have received interest from potential investors. The deal could be worth around $7 billion.
Blackstone purchased most of VFS Global from EQT AB in October 2021. EQT still owns a small part of the company. Blackstone has talked with advisors about selling some or all of its stake in VFS. They might bring in another investor to help raise money and expand the business.
The discussions are in the early stages, and Blackstone may decide not to go through with the sale. VFS Global is headquartered in Zurich and Dubai. They provide technology services for governments and embassies around the world to help with visa applications. They handle administrative tasks related to visas, passports, and consular services.
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