Volkswagen sells majority stake in Everllence to Bain Capital

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Volkswagen is selling a majority 75% stake in German engine manufacturer Everllence to Bain Capital, valuing the company at €7.4 billion. Volkswagen will retain a 25% minority share, and the deal is pending regulatory approval.

Volkswagen has agreed to sell a majority stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). The deal will see Bain Capital acquire 75% of Everllence, while Volkswagen Group will retain a 25% minority holding. The transaction remains subject to regulatory approvals and …