Blackstone and Brookfield compete to acquire the businesses of Volkswagen Group — Bloomberg reports

LootboxPhobia · 2026-02-27T15:13:14+00:00

Blackstone and Brookfield have submitted an €8 billion bid to acquire a majority stake in Volkswagen Group's heavy-duty diesel engine business. Advent, Bain, EQT, and CVC are also participating in the bidding. Volkswagen aims to sell this business to improve profitability, and negotiations are still ongoing.

LootboxPhobia

2026-02-27 15:13:14

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Investing.com – According to Bloomberg, citing sources, Blackstone Inc. (NYSE:BX) and Brookfield Asset Management Ltd. (NYSE:BAM) have submitted bids of at least €8 billion ($9.4 billion) to acquire a majority stake in Volkswagen Group’s (ETR:VOW) heavy-duty diesel engine business.

Sources say Advent International, Bain Capital, EQT AB (ST:EQTAB), and CVC Capital Partners have also entered the next round of bidding for Everllence SE.

Volkswagen Group is trying to sell its Everllence business, which manufactures ship engines and power plant turbines, as the automaker faces pressure to improve profitability and streamline its business portfolio.

Sources indicate that discussions are still ongoing, and it is currently uncertain whether a deal will ultimately be reached.

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