Feb 18 (Reuters) – Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, The Financial Times reported on Wednesday, citing people familiar with the matter. Volkswagen’s Everllence division, which produces shipping engines and heat pumps, is being valued at between 5 billion euros ($5.92 billion) and […]
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Blackstone, EQT and CVC make offers for VW’s Everllence unit, FT reports
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Feb 18 (Reuters) – Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its Everllence division, The Financial Times reported on Wednesday, citing people familiar with the matter.
Volkswagen’s Everllence division, which produces shipping engines and heat pumps, is being valued at between 5 billion euros ($5.92 billion) and 6 billion euros by prospective buyers, the report added.
Reuters could not immediately verify the report.
($1 = 0.8445 euros)
(Reporting by Devika Nair in Bengaluru)