Refile: VW to pick buyer of Everllence over next few weeks, sources say

Volkswagen AG

01/06/2026 14:02

Refiles to add correct EQT RIC
Berlin, June 1 (Reuters) - Final bids for a majority stake in engine maker Everllence are due Tuesday and owner Volkswagen VOWG_p.DE plans to pick a buyer over the next few weeks, people familiar with the matter told Reuters on Monday.
CVC, Bain Capital and EQT, which has joined forces with Volkswagen shareholders Porsche SE PSHG_p.DE and Qatar, are final contenders
Everllence, formerly MAN Energy Solutions, is the market leader in large marine engines and has identified generators for AI data centers as a growth segment
The company is valued at 8-9 billion euros, according to the sources
Voice of employee representatives on the supervisory board could be decisive
The representatives of Porsche SE and Qatar on the VW Supervisory Board are expected to abstain from the final vote, according to sources
Volkswagen, Porsche SE, CVC and Bain declined to comment. EQT and representatives from Qatar could not immediately be reached.

 (Reporting by Christina Amann und Christoph Steitz, writing by Lena Rueckerl, editing by Ludwig Burger)
 ((Lena.Rueckerl@thomsonreuters.com;))