Global private equity firm KKR & Co. is considering selling mining services and logistics business Bis Industries, two people familiar with the matter said. A trade sale of Bis could be expected to fetch up to 1.8 billion Australian dollars (US$1.8 billion), one of the people said. The private equity firm is also considering an initial public offering, or IPO, of the business, however the Australian market has not been hospitable to such deals lately with only US$227 million raised in the year-to-date, according to Dealogic.
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