By Dominic Chopping
--Volkswagen is ramping up discussions around strategic alternatives for its MAN Energy Solutions business, including a potential listing, Bloomberg says, citing unnamed sources.
--The automaker has been in talks with potential advisers on alternatives for the unit, which could also include a stake sale, Bloomberg reports, citing the sources.
--The unit, which makes ship engines and power-plant turbines, could be valued at 5 billion euros ($5.4 billion) or more in any deal, Bloomberg says, according to the people.
--A representative for VW pointed to recent comments at the company's capital markets day that it will "take a more active approach" in managing its investments, and said the company will also "strive to find the right solutions" for its controlled shareholdings, according to Bloomberg.
Full story: https://tinyurl.com/4h5c6dfr
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 27, 2025 02:49 ET (06:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.