A consortium of investors has appointed Citi and Goldman Sachs to sell Euroports, Reuters has reported.

The sale of the company, which has turnover of ZAR 9,003m, could be valued at approximately ZAR 16bn, according to sources, said Reuters.

One of the sources allegedly said Euroports was difficult to value because it had stakes in a diverse range of ports and there was little information available.

The European ports operator is owned by Brookfield Asset Management, Antin Infrastructure Partners and Arcus Infrastructure Partners and has 22 terminals in Europe and three in China.

It handles about 46m tonnes a year, with a strong focus on general cargo and dry bulk.

According to Reuters, sources said that Chinese investors typically preferred container ports but could still consider the asset as part of an aggressive acquisition drive in the sector.

Euroports did not respond to Port Strategy’s request for comment by deadline.