Porsche
Stock exchange trading could begin at the end of the month.
(Photo: dpa)
Porsche goes public. “The planned IPO is a milestone in increasing Porsche’s autonomy even further,” said VW and Porsche CEO Oliver Blume on Tuesday. The Volkswagen supervisory board had previously approved the IPO plans of its high-yield subsidiary in Stuttgart late Monday evening. Blume spoke of a historic moment. The IPO will also give Volkswagen AG the opportunity to continue to successfully implement its strategy.
The Executive Board and Supervisory Board have jointly decided to aim for the planned first listing for the end of September or the beginning of October. This means that the shares of the sports car manufacturer Porsche could be traded on the stock exchange in a few weeks. The stock market environment remains a residual risk; the Group has made its decision subject to “further capital market developments”.
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