Volkswagen targets pre-Easter IPO of trucks unit Traton: sources [Reuters]
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Source: Reuters
Volkswagen targets pre-Easter IPO of trucks unit Traton: sources | Reuters 3 Min Read FRANKFURT (Reuters) - Volkswagen is aiming to list its trucks unit Traton before Easter and expects to sell shares worth 5-6 billion euros ($5.7-$6.9 bln), potentially making its Germany’s biggest new share offering in 2019, two people close to the matter said. Plans for a stock market listing have not been formally finalised and depend on market conditions, these people said. Analysts will be given until early March to write reports on the company and to come up with valuations for the maker of vehicles under the MAN, Scania and VW brands, the two sources said. Traton Chief Executive Andreas Renschler on Tuesday declined to discuss plans for a stock market listing but told analysts at the company’s capital markets day on Tuesday, “We want to be the most profitable vehicle player and to have access to all global profit pools.” If markets are deemed favorable enough, Volkswagen will publish a so-calle
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