EQT Taps Qatari Funding as Bids for €8 Billion VW Unit Near

Swedish buyout firm EQT AB is tapping funding from the Qatari sovereign fund as it prepares to make a binding bid for Volkswagen AG’s large marine engine unit by a deadline next month, people with knowledge of the matter said.

VW has asked suitors to submit the next round of offers for Everllence in early June, according to the people, who asked not to be identified because the information is private. EQT is bidding in a consortium with the Qatar Investment Authority and Porsche Automobil Holding SE, which are both major VW shareholders, the people said.