Report: Volkswagen Preparing to Sell IT Division Gedas

Frankfurt -- According to a report in the Financial Times Deutschland,
Germany-based Volkswagen (VW), currently the largest car-maker in
Europe, is preparing to offload Gedas, its IT services subsidiary,
sometime this year. Quoting unnamed but "well-informed" sources, the
report said a number of potential buyers had already expressed interest
in Gedas and submitted non-binding offers for the company, which is
valued at about 500 million euro. The report included U.K.-based
private-equity firm Apax Partners, T-Systems (a division of Deutsche
Telekom), IBM, U.S.-based services provider ACS and EDS as
possible bidders.
http://makeashorterlink.com/?V6782101C