Fujitsu kicks off auction for air conditioning business: Report

HONG KONG/TOKYO: Fujitsu Ltd has launched an auction process for its listed air-conditioning manufacturing business Fujitsu General Ltd with initial bids due on Friday, people with knowledge of the matter said.

UBS declined to comment. Fujitsu General could not be reached for immediate comment out of office hours. Lazard did not immediately respond to a request for comment.

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Fujitsu kicks off auction for air conditioning business - sourcesHONG KONG/TOKYO :Fujitsu Ltd has launched an auction process for its listed air-conditioning manufacturing business Fujitsu General Ltd with initial bids due on Friday, people with knowledge of the matter said.The sale is expected to attract interest from multiple private equity firms and strategic investors,
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