(Reuters) – The asset management arm of Goldman Sachs is among contenders to buy U.S. fast food chain Subway, up for sale for an estimated $10 billion, Sky News reported on Saturday.
Private equity groups Bain Capital, TPG and TDR Capital are also among takeover candidates, according to the British television channel.
Goldman Sachs could not immediately be reached for comment, while TPG declined to comment.
Subway, Bain Capital and TDR did not respond to Reuters requests for comment at this time.
Last month, Subway said it was considering a sale of its business due to rising costs and growing competition from rivals with larger financial means.
The sandwich restaurant chain did not indicate a timetable or confirm that a sale would take place.
In January, The Wall Street Journal reported that a potential sale could value Subway at more than $10 billion.
The company saw a 9.2% jump in same-store sales in 2022 and has more than 37,000 restaurants in more than 100 countries.
(Report Urvi Dugar in Bangalore; Kate Entringer)
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