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Bloomberg is reporting that Volkswagen is considering listing Porsche on the stock market as a way for VW to raise money for technology investments.
If this happens it could be a nice addition to anyone's portfolio.
www.bloomberg.com
The world’s second-largest carmaker is speaking with advisers to study the merits of a potential initial public offering or spinoff of Porsche, the people said, asking not to be identified discussing confidential information. VW could use any proceeds from a listing for acquisitions or technology investments, according to the people.
...
A Porsche listing could take place next year, though no firm timetable has been decided, the people said. VW plans to keep a majority stake if it pursues an IPO of the business, according the people.
Deliberations are ongoing, and there’s no certainty they will lead to a transaction, the people said. A representative for VW declined to comment.
If this happens it could be a nice addition to anyone's portfolio.
VW Is Said to Weigh Listing of Porsche Sports-Car Division
Volkswagen AG is considering a separate listing of its Porsche sports-car unit in a deal that could boost its valuation and bring in a significant amount of cash, according to people familiar with the matter.
www.bloomberg.com
The world’s second-largest carmaker is speaking with advisers to study the merits of a potential initial public offering or spinoff of Porsche, the people said, asking not to be identified discussing confidential information. VW could use any proceeds from a listing for acquisitions or technology investments, according to the people.
...
A Porsche listing could take place next year, though no firm timetable has been decided, the people said. VW plans to keep a majority stake if it pursues an IPO of the business, according the people.
Deliberations are ongoing, and there’s no certainty they will lead to a transaction, the people said. A representative for VW declined to comment.
