Volkswagen Prepares Porsche IPO -Handelsblatt
December 07 2021 - 10:56AM
Dow Jones News
--Volkswagen is preparing an initial public offering of its
sports-car brand Porsche AG, Handelsblatt reports.
--The Porsche-Piech family is considering buying a significant
portion of shares in the new Porsche through its holding company
Porsche SE, which controls more than 50% of Volkswagen. To fund the
deal, the family could sell part of its stake in Volkswagen,
according to Handelsblatt.
--Volkswagen shares are up 6% on the news.
Full story in German: https://bit.ly/3pCQhkY
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
December 07, 2021 10:41 ET (15:41 GMT)
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