Volkswagen AG decided to push ahead with its plan to list a minority stake in the Porsche sports-car maker this year despite gyrating markets, paving the way for what could be one of Europe’s biggest initial public offerings.
(Bloomberg) — Volkswagen AG decided to push ahead with its plan to list a minority stake in the Porsche sports-car maker this year despite gyrating markets, paving the way for what could be one of Europe’s biggest initial public offerings.
The manufacturer is planning the initial public offering at the end of September or beginning of October, subject to further developments in capital markets, VW said Monday in a statement.
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