Volkswagen (pref) : Porsche IPO press rumours: more than just to revive the share price flame?
>A new article in HB suggests a Porsche IPO would be on the cards - Handelsblatt yesterday published a report indicating the Porsche and Piech families were considering reducing the 53% stake they hold in VW (ordinary shares with voting rights) through Porsche SE to fund a direct participation in a Porsche AG IPO that would be on the cards. While the families would lose their majority status in VW, they would nonetheless remain the number 1 shareholders, ahead of Qata...Volkswagen the parent company of the Volkswagen Group. It develops vehicles and components for the Group's brands, and produces and sells vehicles such as passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. In the electricity sector, Co. performs electricity generation, sales and distribution together with a Group subsidiary. Western Europe, China, Brazil, the U.S., Russia, Mexico and Argentina are the key markets of the Group. The automotive division comprises the passenger cars, commercial vehicles, and power engineering segments, while the financial services division corresponds to the financial services segment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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