VolkswagenGroup is considering a US$102 billion PorscheIPO and the plan outlines were presented. Read more here. Porsche HerbertDiess PorscheAndPiechFamilies
and Piech family — which control Porsche Automobil Holding SE — “buys a minority blocking stake”. The news outlet alleges this information comes from people close to the deliberations.It still unclear when this move is set to take place, however, experts estimating that the IPO could happen in the second part of the year.‘s source claims that the IPO “might include a special dividend to help the Porsche and Piech family, who own 53 per cent of VW voting shares, finance the transaction”.
Since this announcement, Volkswagen shares rose as much as 7.2 per cent while Porsche SE’s shares went up as much as 8.3 per cent.At the time of writing, both Volkswagen and Porsche have yet to release a statement about the IPO. Volkswagen, however, has commented that a final decision had not been reached and that any deal that is to take place must first be approved by management and supervisory boards.
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