--Volkswagen AG's (VOW.XE) truck unit could raise more than 6 billion euros ($6.95 billion) by listing a stake of about 25% in an initial public offering planned for summer 2019, the unit's Chief Executive Andreas Renschler said in an interview with German business magazine Manager Magazin published on Thursday.

--Asked whether he expects to raise about EUR6 billion in the listing, Mr. Renschler said "It could be a little more than that," according to the report.

--Volkswagen Truck & Bus plans to rename itself Traton Group ahead of the potential listing.

 

Full story in German: https://bit.ly/2IdqSH6

 

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(END) Dow Jones Newswires

June 21, 2018 07:03 ET (11:03 GMT)

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