| Reuters was first to report that the supervisory board of Volkswagen would approve a plan to list sportcar maker Porsche in an initial public offering this year, what could be among Germany’s largest listings on record. The board’s decision was closely watched amid heightened market uncertainty that has caused a dearth of flotations as investors are weary in light of Russia’s war on Ukraine and its implications for the global economy. Volkswagen later confirmed the news, saying it would aim to float a minority stake in Porsche in late September or early October |
Automotive
Reuters reveals Volkswagen expected to rubber-stamp Porsche IPO plan
05 September 2022, 7:07 pm 1 minute
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
