EQT, Qatar Pursue VW Marine Unit €8bn

EQT AB is securing funding from Qatar Investment Authority to make a binding offer for Volkswagen’s marine engine unit Everllence.
Volkswagen set an early‑June deadline for the next round of bids, with EQT’s consortium also including Porsche Automobil Holding SE.
Competing bidders include Bain Capital and CVC Capital Partners, as Everllence could be valued at €8 billion ($9.4 bn) or higher.