The management of Volkswagen has decided to sell its special engine production branch, Everllence, to the US private investment firm Bain Capital for $7.8 billion. The business, based in Augsburg, produces heavy engines for ships and similar large vessels, and is one of the very few Volkswagen branches that is not in a crisis. The deal marks one of the largest acquisitions in Europe so far this year.
Volkswagen Branch Sold to Bain Capital
Latest
