EU allows VW sale of majority share of Everllence to US investor

The European Commission has allowed German carmaker Volkswagen to sell a majority stake in its large-scale engine subsidiary Everllence, reported dpa.

The sale of 51% of its shares in the company to the US private equity firm Bain Capital does not raise any competition concerns, the commission said on Thursday.

In June, Volkswagen announced that it had reached an agreement with Bain Capital.

The transaction is expected to generate proceeds of €7.4 billion for the car manufacturer.

The five German sites of Everllence, formerly known as MAN Energy Solutions, are to be retained under the new ownership structure until at least 2030, Volkswagen said at the time. No redundancies for operational reasons are said to take place until then.

The Augsburg-based company, which was only renamed Everllence in 2025, describes itself as one of the world's leading manufacturers of large engines, turbomachinery and decarbonization solutions, with around 16,000 employees and a turnover of around €4.9 billion.

The commission assesses the compliance of major mergers and takeovers with EU competition rules.