UPDATE 3-Johnson Controls considers selling some HVAC assets for $5 bln - Bloomberg News
(Adds background on new CFO in paragraph 7)
Jan 26 (Reuters) - Building products supplier Johnson Controls is considering selling some of its heating, ventilation and air conditioning (HVAC) assets for $5 billion, Bloomberg News reported on Friday.
A possible sale could include most of the company's York International operations acquired in 2005, according to the report which cited people with knowledge of the matter.
Shares of the company closed 1.65% higher following the report.
Johnson Controls said it was evaluating ways to improve its business but did not comment on the report.
The company is also working on a possible sale of the majority of its Air Distribution Technologies business it bought for $1.6 billion in 2014, the report said.
Johnson, which is scheduled to report first-quarter results on Tuesday, forecast adjusted profit below estimates for fiscal 2024 in December, pressured by weakness in the global residential construction market.
Johnson also named company veteran Marc Vandiepenbeeck as its chief financial officer earlier this month.
(Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri and Sriraj Kalluvila)
