The two firms are understood to be looking at the group alongside Chinese state-backed Shenyang Machine Tool, as well as Dalian, Quier Machine Tools and YierMT Group, according to Reuters.
Goldman Sachs has been appointed to find a buyer for MAG Europe and MAG Americas – which could be sold separately – with first bids expected by September, the report said.
Although financial terms of the deal were not disclosed, MAG Europe could attract around €250m, the report added.
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