The car manufacturer Volkswagen According to a media report, a new attempt to separate from the diesel engine and turbo machine manufacturer Man Energy Solutions. The Wolfsburg -based group recently talked to consultants about several alternatives for the daughter, including an IPO, reported the “Bloomberg” news agency on Wednesday, citing people who were familiar with the matter. The former MAN Diesel & Turbo could be rated at five billion euros or more. However, the considerations are still in an early stage, a transaction would probably no longer take place this year.
A VW spokesman referred to Bloomberg’s statements at the latest capital market day, according to which the group wanted to choose a “more active approach” in dealing with its investments. It is effort to find the right solutions for the participations controlled by Volkswagen. He did not want to comment on Man Energy.
Volkswagen had taken over the former MAN subsidiary in front of the IPO of the truck group Traton, which existed from MAN and Scania. According to the report, there was already an attempt to separate from Man Energy. At that time, among other things, the US engine manufacturer Cummins was interested, but the bids were too low. Last year, Energy with 14,000 employees came to an operational profit of 337 million euros with sales of 4.3 billion euros.
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The head of the Volkswagen Grand shareholder Porsche SE, Hans-Dieter Pötsch (73), had been addressed on Wednesday about further stock market plans by VW for parented daughters. He was not aware of such considerations, he said.