Trucks on course IPO: Volkswagen plans to make the truck division a member of the AG in March

05/03/2018

Truck on course IPO Volkswagen plans to make the truck division a member of the AG in March

Scania

Scania trucks

The Volkswagen Group wants to bring its truck and bus business with the brands Scania and MAN media reports on the stock market. Later this month, the transformation of VW Truck & Bus GmbH into a public limited company should lay the foundation for this step, reported the Handelsblatt on Monday, citing group circles. The aim is to achieve “capital market capability”.

The VW board had in the past week to change the current legal form of the truck and bus business with its 80,000 employees, quoted the “Süddeutsche Zeitung” on Monday group of companies.

“On the stock market, the stock will be traded for the first time in the spring of next year,” quoted the “Handelsblatt” a manager. In particular, VW CEO Matthias Müller and truck executive Andreas Renschler push according to report on the fact that the truck sector is taking a step towards independence. Müller wants group parts with a fifth of the turnover to dispose of,

Without the consent of the works councils, an IPO would hardly be possible, wrote the “Handelsblatt” on. As of December 31, 2017, the VW commercial vehicle division employed 81,000 people. Officially VW did not comment on the planned transformation of the GmbH into a stock corporation.

in the mm-Interview Renschler recently confessed to the claim to create a “Global Champion”. But many ways led to this goal. In the commercial vehicle business, the Daimler Group is located Show stock market chart which is also seeking a holding structure in order to be able to manage the various divisions on their own.

In addition, Volkswagen is competing with Volvo Show stock market chartwhere contrary to the trend is speculated about a reunion with the decommissioned automaker, since its owner Geely also at the truck company occurs as a major shareholder, Tesla is also showing ambitions in the truck business Show stock market chart – in the hope that a change to electric drives will stir up the established forces in the industry.

ak / afp

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