Volkswagen puts IT business up for sale -paper

Newswire

FRANKFURT, Oct 26 (Reuters) - German car-maker Volkswagen has put its IT arm Gedas up for sale and had offers valuing the business at up to 500 million euros ($603 million), a German newspaper said on Wednesday. VW has hired the French investment bank Lazard to handle the sale, German daily Financial Times Deutschland said in a summary of an article to appear in its Thursday edition. The paper said that a number of parties had expressed interest including Deutsche Telekom subsidiary ...

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