The VolkswagenAccording to circles, the group could increase the price of the company in the coming weeks Traton-Use shares to sell shares. The group is considering selling shares worth between 500 million and one billion euros in the commercial vehicle holding company, the Bloomberg news agency reported on Monday, citing insiders.
The amount also depends on market conditions. A Volkswagen spokesman referred to statements by CFO Arno Antlitz (54) regarding the presentation of figures for the first quarter at the end of April that VW could take steps in due course to increase Traton’s free float. In addition, the group does not comment on market rumors, he said.
VW holds around 90 percent
The Wolfsburg-based company holds around 90 percent of the Munich truck and bus holding with the brands Scania, MAN, Navistar and the South American VW Truck & Bus. Investors and analysts have long been advocating that more Traton shares enter the free float in order to increase the liquidity of the SDax value.
VW took Traton public in 2019 at an issue price of 27 euros per share. The price was below this level for a long time due to the corona pandemic.
It was only in March of this year that the paper managed to jump over the 30 euro mark thanks to confident forecasts from Traton management around boss Christian Levin (57). The share reached its record high in April at 36.70 euros. On Monday it lost 1.5 percent to 33.45 euros. The market valuation is currently a good 16.7 billion euros.