Volkswagen to sell diesel engine unit to Bain in deal generating €7.4bn (opens original article in a new tab)

Volkswagen sells 51% of its diesel engine unit Everllence to Bain Capital for €7.4bn, retaining a 49% stake, as part of efforts to free up cash and focus on core business.

• Volkswagen agrees to sell 51% stake in diesel engine unit Everllence to Bain Capital for €7.4bn
• Deal includes retaining 49% stake in Everllence and aims to complete by year-end with regulatory and employee approvals
• Everllence previously known as MAN Energy Solutions, produces diesel engines for shipping and explores AI growth in data centres