Volkswagen's Everllence Unit Attracting Interest From Private Equity, Bloomberg Says, Citing Sources
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A number of private equity firms, including EQT with GIC, CVC Capital Partners, Advent, Bain Capital, KPS Capital Partners, Clayton Dubilier & Rice, and Mitsui & Co., are interested in acquiring a majority stake in Volkswagen's heavy diesel engine unit, Everllence. The unit is valued between 5 billion and 6 billion euros, with first-round bids expected by February 12. Volkswagen is reviewing strategic options for Everllence but has not provided further comments.
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