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Blackstone, EQT, and CVC have made acquisition offers for the mass-market Everllence division.
The Financial Times of the UK reported on Wednesday, citing sources familiar with the matter, that Volkswagen has attracted bids from top private equity firms including Blackstone, EQT, and CVC to acquire its Everllence division. The report also stated that Volkswagen’s Everllence division manufactures marine engines and heat pumps, with potential buyers valuing the division between 5 billion euros ($5.92 billion) and 6 billion euros. (Sina Finance)