Private equity firm Actis said to prepare $1B sale of South Africa's Actom

Actis LLP, a U.K.-based private equity firm, is preparing to sell its stake in South Africa’s Actom Pty Ltd. in a deal that could value the business at more than $1 billion, two people with knowledge of the matter said.

The buyout firm has interviewed potential advisers to help with the sale of the electrical-engineering company, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The sale may happen in the first half of this year, said one of the people, though no final decision has been made and plans may change.

Read more: Actis Said to Prepare $1 Billion Sale of South Africa’s Actom – Bloomberg.