IPO: Crash in the VW Group: Group boss refuses to go public with Porsche – VW shares are firmer | message

0
0


CEO Herbert Diess told the “Frankfurter Allgemeine Zeitung” (Saturday edition): “The issue of the Porsche IPO is currently not a high priority for me”. Even if only part of the sports car manufacturer’s shares were freely traded, Volkswagen (VW) would lose part of the high inflow of funds that Porsche generated for the group. “At the moment there is a lot to be said for using the money for our structural change,” said Diess. “You don’t want to give up a pearl like Porsche.”On the other hand, Porsche CFO Lutz Meschke had recently campaigned aggressively for the advantages of being listed on the stock exchange. This makes the value of the company more transparent and could also raise the rating of Volkswagen AG.

For a higher market value, however, Diess is relying on the group-wide expansion of electric cars and autonomous driving. “In my opinion, evaluating the group parts individually does not fit into a time when our transformation to e-mobility will bring enormous synergies across all company divisions.”

The current shortage of control chips continues to cause problems. “This is a topic that is causing us a lot of headache at the moment and is also burdening production,” Diess told the newspaper. “So far we have not been able to build around 100,000 cars due to a lack of semiconductors.” How it will look for the year as a whole is still difficult to say. Because VW hope to be able to make up some of the losses.

On Monday, VW shares temporarily gained 1.95 percent in XETRA trading to 232.45 euros.

/he/mis

FRANKFURT (dpa-AFX)

More news about Volkswagen (VW) St.

Image Sources: Max Earey / Shutterstock.com





[ source link ]
https://www.finanzen.net/nachricht/aktien/ipo-krach-im-vw-konzern-konzern-chef-erteilt-porsche-boersengang-absage-vw-aktie-fester-9958449

IPO Crash Group Group boss refuses public Porsche shares firmer message

LEAVE A REPLY

Please enter your comment!
Please enter your name here