Volkswagen Truck & Bus to list 25 percent stake in summer 2019 - Manager Magazin

FRANKFURT (Reuters) - Volkswagen's Truck & Bus division plans an initial public offering in summer 2019 and could raise more than 6 billion euros (5.24 billion pounds) by listing a stake of around 25 percent, the division's chief executive told Manager Magazin.

FRANKFURT (Reuters) - Volkswagen's Truck & Bus division plans an initial public offering in summer 2019 and could raise more than 6 billion euros (5.24 billion pounds) by listing a stake of around 25 percent, the division's chief executive told Manager Magazin.

On being asked whether Truck & Bus, which is due to be renamed Traton, could raise 6 billion euros, Andreas Renschler said: "It could be a little more than that."

Volkswagen has said it was considering a listing or partial listing of the trucks division, but that this would not happen in 2018. [nL8N1TH13R]









(Reporting by Edward Taylor; Editing by Douglas Busvine)


Share

1 min read

Published

Source: Reuters


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world