Bosch Global Software Expected to Divest 7.97% Stake in Bosch Home Comfort OFS

Bosch Global Software announced plans to sell a portion of its holdings. The stake being considered is 7.97 percent of Bosch Home Comfort OFS. The transaction was reported by CNBC TV18. Bosch Home Comfort OFS is a unit focused on home comfort solutions. The divestiture would reduce Bosch Global Software’s ownership in the unit. The move may affect the governance of the home comfort business. Details on the buyer or price were not disclosed. The sale is expected to proceed pending regulatory approval.