Blackstone and Brookfield Among Bidders for €8 Billion Volkswagen Unit

Blackstone Inc. and Brookfield Asset Management Ltd. are among the private equity firms in the next round of bidding for a majority stake in Volkswagen AG’s heavy diesel engine unit,...

By Aaron Kirchfeld, Swetha Gopinath, Eyk Henning · Bloomberg Markets

Blackstone Inc. and Brookfield Asset Management Ltd. are among the private equity firms in the next round of bidding for a majority stake in Volkswagen AG’s heavy diesel engine unit, having made new offers of at least €8 billion ($9.4 billion), people familiar with the matter said.