Volkswagen Gets Bids For Everllence Unit From Blackstone, EQT and CVC, FT Says, Citing Sources

--Volkswagen has received bids for its Everllence unit from private equity firms including Blackstone, EQT and CVC, while others such as CD&R and KPS have previously shown interest, the Financial Times reports, citing unnamed sources.

--The unit, which manufactures ship engines and heat pumps, is being valued at between 5 billion and 6 billion euros ($5.93 billion - $7.11 billion) by prospective buyers, FT says, citing the sources.

--VW is planning to spin off a majority stake in Everllence while keeping a significant minority holding, FT adds.

--Representatives for Volkswagen, Blackstone, EQT, CVC, CD&R and KPS declined to comment, according to FT.

Full story: https://tinyurl.com/bdcmzb39

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(END) Dow Jones Newswires

02-18-26 0224ET