FRANKFURT — Daimler is making ready a inventory market itemizing of its vans division, German enterprise newspaper Handelsblatt reported, citing firm sources.

The unit might be floated on the finish of 2021, the sources stated, including that division head Martin Daum is prone to get an early extension of his contract by three years as a part of the plans.

Hypothesis of a vans itemizing has flared up usually ever since Daimler initiated steps to type impartial subsidiaries underneath its roof, ultimately making it simpler to spin them off and record them within the medium time period.

“The opportunity of such a transfer was already identified,” a neighborhood dealer stated, including that whereas the information was constructive for shares, a list of the division on the finish of subsequent 12 months was nonetheless an extended technique to go.

A Daimler spokesman declined to remark.

A doable itemizing of Daimler’s truck division would come after rival Volkswagen final 12 months floated its Traton vans unit to place the enterprise on an impartial footing.