Industry: EU gives green light for VW’s billion deal
The five German locations of Everllence, formerly known under the company name MAN Energy Solutions, will also be located under the new ownership structure
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Summary
The five German locations of Everllence, formerly known as MAN Energy Solutions, are to be maintained under the new ownership structure at least until 2030, as VW had announced. The sale of 51 percent of the shares in the company to the US financial investor Bain Capital does not raise competition concerns, the Brussels authority said. At the end of June, VW announced that it had reached an agreement with Bain Capital.
Furthermore, The transaction brings Volkswagen a revenue of 7.4 billion euros.
Cross-referenced from 3 sources.
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The five German locations of Everllence, formerly known as MAN Energy Solutions, are to be maintained under the new ownership structure at least until 2030, as VW had announced.
reliability moderate2/2 sourcesThe sale of 51 percent of the shares in the company to the US financial investor Bain Capital does not raise competition concerns, the Brussels authority said.
reliability moderate2/2 sourcesAt the end of June, VW announced that it had reached an agreement with Bain Capital.
reliability moderate2/2 sourcesThe transaction brings Volkswagen a revenue of 7.4 billion euros.
reliability moderate2/2 sources
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