GE, Siemens, Carlyle All Bid on Savcio

General Electric, Siemens AG and private equity firm the Carlyle Group are among the bidders for South African equipment repair firm Savcio Holdings, Reuters reported. The deal could be valued as high as $500 million, Reuters estimated. Buyout firms Actis and Ethos Private Equity are looking to sell their combined controlling stake in Johannesburg-based Savcio.

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