The upcoming change of boss Volkswagen According to a survey in September, doubts about the usefulness of the planned solution are raised among VW investors partial IPO the sports car daughter Porsche out. According to a survey of 58 investors by the investment house Bernstein Research published on Tuesday, 42 percent were in favor of sticking to the plan and 41 percent were against it.
The reason is therefore the decision that Porsche boss Oliver Blume (54) succeeds the retiring VW group boss Herbert Diess (63) should become, but at the same time should remain head of Porsche. In Bernstein’s survey, almost three-quarters considered it negative for the IPO if the Porsche boss had two hats on in the future.
According to Bernstein Research, the dual function calls into question a central argument of the multi-billion dollar Porsche partial IPO: more entrepreneurial freedom to increase the value of Porsche with returns of more than 20 percent, as von Blume only pointed out a few days before Diess fell.
The interests of the players in Wolfsburg and at Porsche AG may not be congruent with those of the capital market. The problems of corporate management at Volkswagen that have come to light could lead to deductions on Porsche share price
when going onto the trading floor. The Deutsche Bank investment subsidiary DWS, the savings bank fund house Deka and the small shareholders’ association DSW had already expressed such concerns to Reuters on Monday.
Investors: Change of boss could weigh on share price
About two-thirds of those surveyed assume that the castling at Volkswagen will weigh on the share price of the Dax group. Only 22 percent predict price gains. The Volkswagen supervisory board dismissed Diess last week after repeated disputes and leadership crises had occurred in recent years. Diess had resolutely turned Europe’s largest carmaker over to electromobility after the diesel scandal – that had brought him a lot of recognition on the stock exchange and temporarily boosted the VW course.