financetom
Business
financetom
/
Business
/
VW's Everllence sale is contingent on Porsche SE becoming co-investor, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
VW's Everllence sale is contingent on Porsche SE becoming co-investor, sources say
Mar 12, 2026 4:27 AM

MUNICH, March 12 (Reuters) - Volkswagen will

make the sale of a majority stake in its Everllence subsidiary

contingent on holding company Porsche SE becoming a

co-investor of about 10% in the maker of large marine engines,

two sources familiar with the matter told Reuters.

While VW has for months been seeking competing bids for

Everllence, it has not been previously reported that Porsche SE

- the Piech and Porsche families' investment vehicle that

controls the VW group - would be a shoo-in for a smaller stake.

Six financial investors have advanced to the second stage of

bidding for 51% of the shares after making offers that value all

of the maker of large diesel engines and industrial heat pumps

at about 8 billion euros ($9.25 billion), the people said.

A deal is expected by summer, they added.

VW and Porsche SE declined to comment.

($1 = 0.8653 euros)

(Writing by Ludwig Burger, Editing by Miranda Murray)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ING Comments on Euro, Swiss Franc
ING Comments on Euro, Swiss Franc
Aug 22, 2025
07:14 AM EDT, 08/22/2025 (MT Newswires) -- EUR/USD is edging lower, driven both by the US dollar (USD) and fading prospects of any near-term improvement in the Russia-Ukraine war, said ING. On the eurozone calendar on Friday is the negotiated wage number for Q2. At its peak last year, this was running at 5.4% year-on-year and was clearly worrying the...
Natera Introduces AI Models to Speed Up Diagnostic and Therapeutic Innovation
Natera Introduces AI Models to Speed Up Diagnostic and Therapeutic Innovation
Aug 22, 2025
06:28 AM EDT, 08/22/2025 (MT Newswires) -- Natera ( NTRA ) said Friday it has launched its proprietary AI foundation model platform, which is designed to accelerate therapeutic development. Results from the first pilot showed that its algorithm can accurately recommend immunotherapy based on real-world electronic health record data. The company also said that the second pilot showed outperformance of...
BJ's Wholesale Fiscal Q2 Adjusted Earnings, Revenue Rise; Fiscal 2025 Earnings Outlook Lifted
BJ's Wholesale Fiscal Q2 Adjusted Earnings, Revenue Rise; Fiscal 2025 Earnings Outlook Lifted
Aug 22, 2025
07:14 AM EDT, 08/22/2025 (MT Newswires) -- BJ's Wholesale Club (BJ) reported fiscal Q2 adjusted earnings Friday of $1.14 per diluted share, up from $1.09 a year earlier. Analysts surveyed by FactSet expected $1.09. Total revenue for the fiscal quarter ended Aug. 2 was $5.38 billion, up from $5.21 billion a year earlier. Analysts surveyed by FactSet expected $5.49 billion....
Westaim Q2 Net Loss Narrows
Westaim Q2 Net Loss Narrows
Aug 22, 2025
07:14 AM EDT, 08/22/2025 (MT Newswires) -- The Westaim Corporation ( WEDXF ) , an integrated insurance and alternative asset management company, overnight Thursday reported a smaller loss in the second quarter. For the three-months ended June 30, the company reported a narrowed net loss attributable to controlling interests of $0.2 million compared with $17.1 million a year earlier. Revenue...
Copyright 2023-2026 - www.financetom.com All Rights Reserved