Post by Gleiss Lutz

Gleiss Lutz has advised the Supervisory Board of Volkswagen Group AG on the exclusive agreement entered into with Bain Capital for the sale of its majority stake of 51 percent of the shares in Everllence. The envisaged transaction in the form of a leveraged buy-out generates proceeds of approx. 7.4 billion euros for Volkswagen and is subject to the completion of the information and consultation processes with employee representation bodies required by law in France and the other conditions and approvals required by the regulatory authorities. The aim is for these conditions, including regulatory approvals, to be met by the end of 2026. Read our full press release: https://lnkd.in/e3j7JGrp Prof. Dr. Michael Arnold I Dr. Gabriele Roßkopf I Dr. Adrian Bingel I Dr. Ralf Morshäuser I Dr. Nicholas Brand I Dr. Johannes A. Hieronymi I Dr. Matthias Gärtner I Christian Schröder I Marvin Palumbo I Prof. Dr. Christian Arnold I Dr. Jonas B. Hofer, LL.B. I Franz-Ferdinand Guggenmos I Florian Schorn I Dr. Alexander Werder I Dr. Niklas Woitok