VW to select Everllence buyer as final bids arrive
Volkswagen plans to choose a buyer for its majority stake in engine maker Everllence within the next few weeks following final bids on Tuesday. Private equity firms CVC, Bain Capital, and EQT are competing for the company which is currently valued at 8 to 9 billion euros.
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VOLKSWAGEN AG expects final bids for its €8 billion to €9 billion majority stake in engine manufacturer Everllence by tomorrow afternoon. The sale of the former MAN Energy Solutions unit follows its pivot into AI data center power generation.
