Volkswagen sells Everllence majority stake

everllence logo

Volkswagen Group has agreed an exclusive deal with Bain Capital to sell a majority stake in Everllence, a move that will generate around €7.4 billion in proceeds while leaving the automotive group with a substantial minority holding in the industrial technology company

Under the proposed transaction, Bain Capital will acquire 51% of Everllence, formerly MAN Energy Solutions, while Volkswagen intends to retain a 49% stake.

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