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INTERNATIONAL HOMEPAGE · GLOBAL ·

VW resorts to sealed bids to avoid conflicts in $10bn engines sale

As reported by International homepage
German carmaker moves to counter fears EQT has edge after teaming up with major shareholders
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Volkswagen is implementing a sealed-bid process for the sale of its substantial $10 billion engine business. This strategic decision aims to prevent potential conflicts of interest and mitigate concerns that private equity firm EQT could gain an unfair advantage. EQT had…

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