BERLIN, Oct 4 (Reuters) – Volkswagen (VOWG_p.DE) manufacturers have been instructed to organize for a inventory market itemizing as a coaching train, chief government Oliver Blume mentioned to Handelsblatt on Tuesday, with out commenting on whether or not additional listings have been deliberate.
With the recommendation of a banking workforce, chief executives and monetary officers at every model have been engaged on sharpening their focus with capital markets in thoughts, Blume mentioned. The outcomes of the train can be introduced at a capital markets day subsequent yr.
“It ought to be understood like a coaching session,” Blume mentioned. “Throughout the Volkswagen Group I sense a transparent motivation to offer capital markets a better relevance.”
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Volkswagen’s itemizing of its sportscar model Porsche final Thursday prompted hypothesis of additional listings as a method of unlocking worth within the Volkswagen Group, which executives view as strongly undervalued.
Porsche is already value virtually as a lot as its former mum or dad, which Blume mentioned to Handelsblatt underlined the potential hidden worth within the group. learn extra
Volkswagen chief monetary officer Arno Antlitz mentioned to Reuters final week the following itemizing on the playing cards was of the group’s battery unit PowerCo, declining to specify whether or not different manufacturers like Audi may be put in the marketplace. learn extra
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Reporting by Victoria Waldersee, modifying by Rachel Extra
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