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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.20 | 0.89% | 136.20 | 135.80 | 136.60 | 136.60 | 135.00 | 135.00 | 2,890 | 22:50:02 |
From May 2021 to May 2024
By Kim Richters
Shares in Volkswagen AG rose on Tuesday after news that it is looking into a potential listing of its sports-car maker Porsche AG in an initial public offering.
The idea of possibly listing the brand has been reported in the media repeatedly and analysts have said in the past that such a listing could drive up the market value of the whole Volkswagen group.
At 0936 GMT, Volkswagen preference shares were up 9% at EUR190.64.
Volkwagen said it has negotiated a framework agreement with its shareholder Porsche Automobil Holding SE, which could serve as a base for further steps toward a potential listing of the sports-car brand.
In a note earlier this month, Stifel said that Volkswagen and Porsche SE shareholders would benefit from a listing, even in what it called a negative scenario in which Volkswagen pursues an IPO for the brand rather than a spinoff and the free float would be less than 20%.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 22, 2022 05:01 ET (10:01 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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