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According to a report by the Financial Times, which cited anonymous sources with inside knowledge, Volkswagen has notified three acquisition consortia to submit their final sealed bids by next week for its engine business, a venture estimated to be worth $10 billion. The financial backers of these consortia encompass affluent European families, along with investments from Qatar and Canada. In the earlier stages of the bidding process, EQT, in collaboration with Porsche SE and the Qatar Investment Authority, was also a participant. Market observers had raised concerns about EQT potentially enjoying an unfair competitive edge. Volkswagen's decision to request final sealed bids is seen as an effort to alleviate such apprehensions. When approached for comments, Volkswagen, Porsche SE, and EQT all chose to remain tight-lipped on the issue.
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