Volkswagen has introduced unusual safeguards in its sale of its Everllence engine division, asking PE bidders EQT AB, CVC Capital Partners, and Bain Capital to make sealed bids as it seeks to manage potential conflicts of interest in the $10bn auction process, according to a report by the Financial Times.
The report cites unnamed people familiar with the matter as revealing that the German automaker has asked three buyer groups led by the PE firms to submit final offers next week. The move is de...
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