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Volkswagen is considering the listing of brands other than Porsche

2022-10-04T19:13:52.144Z

The possible listing of other subsidiaries could allow the German group to reassess its own stock market value.



The successful IPO of its luxury car brand, Porsche, gave ideas to the Volkswagen group.

Its boss, Oliver Blume, said on Tuesday that he wanted to see other subsidiaries

"train"

for a possible listing via simulation exercises.

He wants to

“develop for other brands of the group”

stories intended to seduce investors.

Read also

The Porsches, the saga of a German dynasty

Clearly, it is a question of highlighting the development opportunities of its subsidiaries.

“Whether it 's

Audi

, Volkswagen,

Skoda

, we want to further refine the profiles of the group's brands and thus strengthen the entrepreneurial spirit.

Within the Volkswagen group, I feel a clear desire to give greater importance to capital market issues

, ”explained to the economic daily

Handelsblatt

Oliver Blume, who took control of the group at the beginning of September.

Listed on the Frankfurt Stock Exchange, Volkswagen operates around ten car brands in different segments: luxury (Lamborghini, Bentley), high-end (Audi, Cupra), mid-range (Volkswagen) or entry-level (Skoda, Seat).

It is also present in the motorcycle (Ducati) and in the truck (Scania).

This interest in the stock market is not naive: Oliver Blume sees it as a way to finance the investments needed to massively produce electric cars.

Part of the 19 billion euros collected by Volkswagen with the stock market listing of Porsche will be used for this priority project.

The possible listing of other subsidiaries could also allow the German group to reassess its own value on the stock market: it weighs only nearly 90 billion euros, against 950 billion for Tesla.

Source: lefigaro

All business articles on 2022-10-04

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