Volkswagen sells 51% stake in engine subsidiary Everllence to Bain Capital for €7.4 billion
By
Magdalena Inou, dpa
Summary
Volkswagen has sold a 51% majority stake in its large-engine subsidiary Everllence to financial investor Bain Capital for €7.4 billion. The move is part of VW's ongoing strategy to focus more on its core automotive business. Volkswagen will retain a 49% minority stake in Everllence, and the use of the sale proceeds will be decided at a later date.
Source
bskyVolkswagen sells 51% stake in engine subsidiary Everllence to Bain Capital for €7.4 billionzeit.deKey quotes
· 3 pulledVolkswagen setzte mit dem Schritt seinen Kurs fort, sich stärker auf das eigene Kerngeschäft zu konzentrieren.
Der Verkauf brachte dem Konzern nach eigenen Angaben 7,4 Milliarden Euro ein.
Über die Verwendung des Erlöses soll später entschieden werden.
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