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Volkswagen Sells 51% Stake in Marine Unit to Bain Capital
25 Jun
Summary
- Volkswagen agreed to sell a 51% stake in its marine engine unit.
- Bain Capital is the private equity firm acquiring the stake.
- The deal is expected to generate proceeds of approximately €7.4 billion.
Volkswagen has announced a major strategic divestment, agreeing to sell a 51% controlling stake in its marine engine subsidiary, Everllence. The acquisition will be undertaken by the private equity firm Bain Capital.
This transaction is anticipated to bring substantial financial returns to Volkswagen, with the deal expected to generate proceeds of approximately €7.4 billion. The sale represents a significant step for Volkswagen as it continues to reshape its business portfolio and concentrate on its primary automotive manufacturing activities.
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