Volkswagen has approached several companies to gauge their appetite for buying M...
FRANKFURT - Volkswagen has approached several companies to gauge their appetite for buying MAN Energy Solutions, which makes large diesel engines for ships and power generators, people close to the matter said.
The informal sales pitch is part of Volkswagen Chief Executive Herbert Diess’s efforts to slim down and simplify the group which has 12 brands, trucks, buses, motorbikes, cars and electric bicycles as part of its business. People familiar with the matter said that they expected MAN Energy Solutions to achieve a valuation of about 3 billion euros in a potential sale.
The sources said it could also attract interest from Mitsubishi Heavy, Alfa Laval as well as from private equity groups such EQT, Bain and Cinven if it is formerly put up for sale, the sources said.
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