Companies
Thursday, 6/25, 07:36 AM
Volkswagen Sells 51% of Engine Maker Everllence to Bain Capital for €7.4 Billion
- Volkswagen has agreed to sell a controlling 51% stake in Everllence — the marine-engine and turbomachinery maker formerly called MAN Energy Solutions — to private-equity firm Bain Capital, raising about €7.4 billion as the automaker streamlines around its core car business under heavy financial strain.