Blackstone Is Said to Work With Citi on Revived Sale of ShyaHsin Packaging

Blackstone Inc. has picked Citigroup Inc. to help prepare for a potential sale of ShyaHsin Packaging, according to people with knowledge of the matter.

The alternative asset manager may seek a valuation of at least $1 billion for the Chinese packaging firm in a transaction, the people said, asking not to be identified because the information isn’t public. A sale process might kick off later this year, the people said.