Bankers Start Work on €6.5 Billion Debt for VW’s Everllence

Bankers are drumming up interest for as much as €6.5 billion ($7.7 billion) of financing to back the potential sale of a majority stake in Volkswagen AG’s heavy diesel-engine unit Everllence SE.

A so-called lender education process is underway with a number of banks that could finance potential bids alongside some working capital, according to people familiar with the situation who asked not to be identified because the matter is private.