Volkswagen Group to sell majority stake in Everllence to Bain Capital

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Volkswagen Group has agreed to sell a majority 51% stake in Everllence to Bain Capital, retaining a 49% stake temporarily. This transaction aims to improve Volkswagen's financial position amid its ongoing transformation and awaits regulatory and consultation completions.

Volkswagen Group has agreed to sell a 51% stake in Everllence to Bain Capital. The company will retain a 49% stake in the medium term. The deal supports Volkswagen’s strategy to strengthen its financial position as it continues its transformation. The transaction remains subject to regulatory approvals and the completion of the consultation process in […] The post Volkswagen Group to sell majority stake in Everllence to Bain Capital appeared first on Container News.