VW Banking On Porsche IPO To Fund Future Electrification Plans | Carscoops carscoops
VW claims no decision has been officially made, but comments from Arno Antlitz, currently acting as chief financial officer as well as chief operating officer since Oliver Blume’s appointment as CEO at the beginning of September, make it clear how much is riding on the potential stock market listing, which could be decided this week.
VW’s board is meeting today to discuss the Porsche IPO, which could happen at the back end of September or early the following month if it gets the green light. While it is possible the scheme could be approved in Monday’s meeting, any yes-vote wouldn’t necessarily form a commitment to launch Porsche onto the market sources toldof between €60 billion and €85 billion and has already received more pre-orders for shares than there are shares available.
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