Traton begins trading at €27 per share

Friday, 28. June 2019 10:25

Volkswagen AG's truck division Traton SE began trading on the Frankfurt Stock Exchange on Friday at €27 per share, which was at the low end of its projected price range.

Reports on Thursday had indicated that the truckmaker would do so after previously setting a price range between €27 and €33. Volkswagen said earlier this month that it was looking to raise up to €1.9 billion by selling between 10% and 11.5% of the wholly-owned subsidiary.

Traton's shares dipped slightly after its stock market debut to go for €26.605 per share at 10:23 am CET.

Related Links: TRATON SE
Author:
Breaking the News / DZ