Private equity firms circle VW’s Everllence


Everllence could be valued at €5bil (US$5.8bil) to €6bil in a deal. — Bloomberg

LONDON: A majority stake in Volkswagen AG’s heavy diesel engine unit Everllence SE is attracting interest from a number of private equity firms, according to people familiar with the matter.

This comes as the German automaker proceeds with its asset disposal programme. EQT AB has been considering making a bid together with Singapore sovereign wealth fund GIC Pte, according to the people.

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