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, having made new offers of at least €8 billion ($9.4 billion), people familiar with the matter said.

Advent International, Bain Capital, EQT AB and CVC Capital Partners have also advanced in the sales process for the Everllence SE business, according to the people, who asked not to be identified discussing confidential information.