Volkswagen to sell diesel engine unit to Bain in deal generating €7.4bn

Volkswagen has agreed to sell its diesel engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4bn (R139.30bn), beating out other private equity firms, including one that had joined forces with Volkswagen’s top shareholders.

Volkswagen to sell diesel engine unit to Bain in deal generating €7.4bn
Volkswagen has agreed to sell its diesel engine unit Everllence to Bain Capital in a deal generating proceeds of about €7.4bn (R139.30bn), beating out other private equity firms, including one that had joined forces with Volkswagen’s top shareholders.