Blackstone, Yanmar Are Said to Consider Bids for VW’s Everllence

Blackstone Inc. and Japanese industrial equipment maker Yanmar Holdings Co. have emerged as potential bidders for a majority stake in Volkswagen AG’s heavy diesel engine unit Everllence SE, people familiar with the matter said.

Brookfield Asset Management Ltd. has separately been studying the Volkswagen unit, which makes ship engines and power-plant turbines, the people said. Turkish energy group Karpowership, a major Everllence client, could also join the fray and some private equity firms may seek to partner with them on a bid, some of the people said.