VW Truck Unit Could Raise More Than EUR6 Billion in 25% Stake IPO -Manager Magazin
June 21 2018 - 7:18AM
Dow Jones News
--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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