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VW trucks IPO to bring in up to 7 billion euros - Spiegel

Reuters  |  FRANKFURT 

(Reuters) - hopes to raise 6 billion to 7 billion euros ($7.4-$8.6 billion) through a listing of its trucks and buses division, German magazine Der reported, not citing where it obtained the information.

aims to sell up to 25 percent of the business as part of the listing and keep a majority, the magazine said. Sources told earlier this week that is planning to list the division in the first quarter of next year.

was not immediately available for comment.

($1 = 0.8121 euros)

(Reporting by Christoph Steitz and Andreas Cremer; Editing by Victoria Bryan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 17:52 IST