Volkswagen Group is listening to extraordinarily excessive curiosity from buyers for a inventory market itemizing of its battery unit PowerCo, the chairman of the automaker’s largest shareholder Porsche SE mentioned.
“We’re listening to from Volkswagen that curiosity is extraordinarily excessive with reference to PowerCo. That must be a constructive case,” Chairman Hans Dieter Poetsch mentioned on the holding firm’s annual outcomes name on Thursday.
No different listings of VW subsidiaries have been deliberate as of but, Poetsch mentioned.
Reuters reported final November that VW was in discussions with buyers to affix its battery division forward of a attainable partial preliminary public providing of the subsidiary, although nothing had but been determined.