FRANKFURT — The Porsche and Piech households are ready to take a direct stake in Volkswagen Group’s Porsche model if the sports-car unit is individually listed, two folks conversant in the matter stated.

Such a transfer would loosen the households’ grip on VW Group in favor of direct possession of the Porsche model, which dates again to 1931 and was based by Ferdinand Porsche.

Hypothesis a couple of itemizing of the unit earlier this yr included estimates of a standalone valuation of Porsche starting from 45 billion to 90 billion euros ($55 billion to $110 billion), in contrast with 135 billion for VW Group.

Whereas saying {that a} attainable preliminary public providing of Porsche isn’t excessive up on the agenda, VW continues to weigh situations for a list, the folks stated, including that the important thing impediment remained VW’s complicated stakeholder set-up.

That set-up was fastidiously crafted within the wake of a failed takeover of VW by Porsche in 2009, which resulted in VW buying the Porsche model whereas the Porsche and Piech households grew to become VW’s most influential buyers.

As we speak, the households’ holding firm, Porsche Automobil Holding SE, owns greater than half of the voting rights in addition to a 31.4 p.c fairness stake in VW Group.

No resolution has been made by VW on whether or not to individually checklist Porsche and there’s no assure that such a transfer will occur, the folks stated.

Porsche Automobil Holding and VW declined to remark.

Promoting some voting rights in VW to co-shareholder Decrease Saxony, which holds a 20 p.c voting stake, can be a technique for the households to achieve direct possession within the namesake model whereas retaining activist buyers out, Stifel analysts say.

“We imagine this situation would fulfill all events,” they wrote, including that whereas the households would regain some management of Porsche, Decrease Saxony would have a blocking minority and unions can be completely satisfied in regards to the money influx.

Requested a couple of attainable itemizing earlier this month, VW Group CEO Herbert Diess stated the group’s present money circulation was adequate to fund an formidable turnaround to turn into the world’s largest maker of electrical autos.