VW resorts to sealed bids to avoid conflicts in $10bn engines sale

🇩🇪 Financial Times (DE) —

AI Summary

Volkswagen is utilizing sealed bids in the $10 billion sale of its engines division to mitigate concerns over potential conflicts of interest. EQT, having allied with major shareholders, had been viewed as having a competitive edge in the transaction.

German carmaker moves to counter fears EQT has edge after teaming up with major shareholders

Markets Deals Volkswagen engine sale EQT sealed bids conflict mitigation market transaction Germany

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