Volkswagen to sell 51% stake in Everllence to Bain Capital for about €7.4 billion
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Volkswagen to sell 51% stake in Everllence to Bain Capital for about €7.4 billion June 24 (Reuters) - Volkswagen VOWG_p.DE has agreed to sell a 51% stake in marine engine unit Everllence to private equity firm Bain Capital in a deal that will generate proceeds at about €7.4 billion ($8.40 billion), the company said on Wednesday.
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(Reporting by Mrinmay Dey in Mexico City; Editing by Chris Reese)
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