Volkswagen sells its engine subsidiary Everllence to Bain Capital for €7.4 billion, marking a major divestment in its powertrain portfolioExecutive summary: Volkswagen agreed to sell its engine subsidiary Everllence to Bain Capital for €7.4 billion after a competitive auction process. The transaction supplies Volkswagen with significant liquidity for debt reduction and investment in electric mobility, while shedding a major powertrain unit from its portfolio. Volkswagen Group, its subsidiary Everllence, and the private‑equity firm Bain Capital. Regulatory clearance procedures will be completed, Bain will integrate Everllence under its ownership, and Volkswagen will announce how the proceeds are allocated to EV and software initiatives.The announcement confirms that Volkswagen has found a buyer for its loss‑making engine unit Everllence in a competitive auction, with Bain Capital prevailing. The €7.4 billion price provides Volkswagen with substantial cash to reduce debt and accelerate its electric‑vehicle transition, while removing a profitable internal‑combustion‑engine business from its core automotive portfolio. The deal is subject to standard regulatory approvals and is expected to close within the coming months.Connected developmentsEarlier reports of Volkswagen’s plan to sell Everllence to BainVolkswagen enters Uzbekistan using China as export baseVolkswagen: Susanne Wiegand tritt überraschend als VW-Aufsichtsrätin abVolkswagen: Oliver Blume wirbt für seinen Sparkurs – Abbau von 28.000 Stellen fixVolkswagen: Susanne Wiegand tritt überraschend als VW-Aufsichtsrätin abOpen the full case file on Beyond →
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