January 24, 2020 / 11:48 AM / a month ago

Sale of Renk, MAN Energy Solutions depends on buyer - VW labour chief

WOLFSBURG, Germany, Jan 24 (Reuters) - Workers' approval of a possible divestment of Volkswagen's transmissions making unit Renk and MAN Energy Solutions depends on who the new owner will be, the carmaker's labour chief said on Friday.

"If there is a decent buyer, if there is a fit, the labour representatives in the supervisory board will not oppose a sale," Bernd Osterloh, head of Volkswagen's works council, said, not elaborating further.

Sources told Reuters last month that MAN Energy Solutions, which makes diesel engines for ships and power generators, had attracted bids from Europe's Innio, Japan's Mitsubishi Heavy and U.S.-based Cummins.

Rheinmetall, Carlyle and EQT are seen as potential buyers of Renk. (Reporting by Jan Schwartz; Writing by Christoph Steitz; Editing by Riham Alkousaa)

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