The board of directors and supervisory board of Volkswagen want to decide on a possible IPO of Porsche AG on Monday. After months of examining whether an IPO for the Stuttgart sports car manufacturer is an option, the committees on Monday will deal with the question of whether an IPO should be aimed for at the end of September/beginning of October, Volkswagen announced adhoc on Saturday.
A final decision has not yet been made. In addition, the approval of the sale of 25 percent in Porsche AG to the holding company Porsche SE will be discussed. There are advanced discussions about this, according to a separate statement from Porsche SE.
Through Porsche SE, the founding families Porsche and Piech are major shareholders in the Wolfsburg Volkswagen Group, which in turn includes Porsche AG as a subsidiary.
More to come
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