Private equity firm Blackstone (BX.N) has appointed more banks to help prepare for an initial public offering (IPO) of shares in its giant European warehouse owner Logicor, that could be valued at 13 billion euros ($13.8 billion), according to two sources familiar with the matter.

Wall Street banks Morgan Stanley (MS.N), Citi (C.N) and Bank of America Merrill Lynch (BAC.N) have been selected by Blackstone to work on the potential listing in London alongside Goldman Sachs (GS.N), although no final decision to proceed has been taken, according to one of the sources.

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