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Report: KKR mulls sale of European locomotive leasing company ELL

KKR & Co. Inc. is in the initial stage of talks with potential advisers as the private equity firm explores a sale of its Austrian and German locomotive leasing business ELL GmbH, Bloomberg News reported, citing people familiar with the matter.

The company could be valued in a sale at more than €1 billion, including debt, sources said. A KKR representative did not comment on the matter, according to the report.