VW considers Porsche IPO - report

Thursday, 18. February 2021 13:51

German automaker Volkswagen is reportedly considering a medium-term IPO of its subsidiary Porsche, Manager Magazine said on Thursday.

According to the source, a maximum of 25% of the shares would be sold with a package value of around €20 to 25 billion.

Volkswagen boss Herbert Diess is trying to compete with electric carmaker Tesla and the company has already started to produce the first concepts of pure electric vehicles.

Related Links: Volkswagen AG
Author:
Breaking the News / TF