Volkswagen selects next-round bidders for Everllence, Bloomberg News reports (updated)

Porsche Automobil Holding SE

22/04/2026 14:13

Adds CVC declined to comment in paragraph 5

April 22 (Reuters) - Volkswagen AG VOWG.DE has selected three suitors for the next round of bidding for its heavy diesel engine division Everllence, Bloomberg News reported on Wednesday, citing people familiar with the matter.

CVC Capital Partners CVC.AS, Bain Capital and a consortium involving buyout firm EQT AB EQTAB.ST and Porsche SE PSHG_p.DE have been invited to participate in the next round, the report said.

Volkswagen will condition the sale of a majority stake in Everllence on Porsche SE becoming a co-investor of about 10% in the maker of large marine engines, Reuters had reported exclusively last month.

Porsche SE, controlled by the Piech and Porsche families, is Volkswagen Group's top investor.

Reuters could not immediately verify the report. Volkswagen, Porsche SE, Bain Capital, and CVC Capital declined to comment, while EQT did not immediately respond to a Reuters request.

A move to divest Everllence, formerly known as MAN Energy Solutions, could allow the German carmaker to focus more on its core automotive business as it navigates steep tariffs, competition from China and a costly pivot to electric vehicles.

Reuters has previously reported that Volkswagen has received bids valuing Everllence at around 8 billion euros ($9.38 billion) including debt, and that a deal is expected by summer.

($1 = 0.8527 euros)

 (Reporting by Rhea Rose Abraham in Bengaluru; Editing by Tasim Zahid, Sahal Muhammed and Vijay Kishore)

 ((RheaRose.Abraham@thomsonreuters.com;))