EU Allows VW Sale of Majority Share of Everllence to US Investor
17 Articles
17 Articles
Volkswagen plans to reduce its share of Traton shares. The planned billions sale is intended to fill the cash registers and could at the same time give new impetus to the share of the commercial vehicle group.
Volkswagen is allowed to sell the majority of its shares in the major engine manufacturer Everllence to the American financial investor Bain Capital.
VW is allowed to sell the majority of its major engine subsidiary Everllence to an investor. The EU Commission has now approved the billion-dollar deal.
The US fund Bain Capital wants to take over 51 percent of Everllence. The EU has no competition concerns about the billion-dollar sale.
Die Presse
51 percent of the shares of the major engine subsidiary Everllence are to go to the US financial investor Bain Capital.
Handelsblatt
wiwo.deVW sells 51 percent of its major engine subsidiary Everllence – and gets 7.4 billion euros for it. Brussels is now giving the green light, but what would the sale mean for the German sites?
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