Barclays PE In Talks To Sell GHD

(Reuters) – Barclays Private Equity is in advanced talks to sell its majority stake in German health services company GHD, Financial Times Deutschland reported, citing GHD manager and part-owner Andreas Rudolph.

A deal may be struck in the first two weeks of September and completed before the end of the year, the newspaper cited Rudolph as saying in its Thursday edition.

Rudolph told the newspaper he had not yet decided whether to keep his GHD stake of more than 35 percent, cut or increase it.

“Everything is possible, from zero to 100 percent,” he said.

GHD will generate almost 300 million euros ($394 million) in sales this year, Rudolph said.

The company offers health services including transport and storage of pharmaceuticals and medical equipment, nutrition consulting for cancer patients and infusion therapies.

Barclays Private Equity (BARC.L) was not immediately available for comment. (Reporting by Maria Sheahan and Philipp Halstrick)