Volkswagen is Considering IPO of Porsche

0 30,845

Volkswagen, the parent company of car manufacturer Porsche, is considering an IPO of the luxury car brand.

 

The German business magazine Manager Magazin reports this on the basis of insiders.

If Porsche were to go public, a maximum of a quarter of the shares could be placed. Its value is estimated at 20-25 billion euros, according to the business magazine.

The IPO would not take place this year, and the magazine writes based on an unnamed member of the Volkswagen board.

A Volkswagen spokesperson did not want to respond to the story to Bloomberg news agency.

Leave A Reply