Industrie: EU gibt grünes Licht für Milliarden-Deal von VW

The European Union has given the green light for a multi-billion deal involving Volkswagen. The EU commission has approved Volkswagen's plan to transfer majority ownership of its large engine subsidiary Everllence to US financial investor Bain Capital. The sale of 51 percent of the shares in Everllence does not raise any competition law concerns, according to the Brussels-based authority.

Volkswagen announced the agreement with Bain Capital at the end of June. For large acquisitions, the EU commission reviews whether such a move could lead to disproportionate restrictions on free competition. The transaction brings Volkswagen a revenue of 7.4 billion euros. Volkswagen's move aims to focus more on its core business.

The Wolfsburg-based company has excluded job cuts at its five German sites of Everllence, previously known as MAN Energy Solutions, until 2030. These operations are set to remain under the new ownership structure, VW had informed. The Augsburg-based company, renamed Everllence in 2025, is among the world's leading manufacturers of large engines, turbo machines, and decarbonization solutions, employing around 16,000 people and generating annual revenues of approximately 4.9 billion euros.