Brookfield Is Said to Explore Sale of Biofuel Supplier Greenergy

Brookfield Business Partners LP is weighing a sale of U.K.-based biofuel provider Greenergy, according to people familiar with the matter.

The U.S.-listed investment firm is working with Citigroup Inc. and HSBC Holdings Plc to gauge interest in Greenergy from potential suitors, the people said, asking not to be identified discussing confidential information.

Deliberations are at an early stage, and there’s no certainty they’ll progress to a formal sale process, the people said. Representatives for Brookfield and Greenergy declined to comment, while spokespeople for Citigroup and HSBC didn’t immediately respond to requests for comment.

Greenergy was founded in 1992 as a ...