Business Standard

VW keeps Porsche IPO on table amid market volatility to ignite EV push

Volkswagen AG said it will continue to explore an initial public offering of the German manufacturer's Porsche sportscar brand as markets are roiled by Russia's invasion of Ukraine

Volkswagen Porsche
Premium

Photo: Bloomberg

Christoph Rauwald and Monica Raymunt | Bloomberg
Volkswagen AG said it will continue to explore an initial public offering of the German manufacturer’s Porsche sportscar brand as markets are roiled by Russia’s invasion of Ukraine.

A listing could happen at the earliest in the fourth quarter, VW Chief Financial Officer Arno Antlitz said Friday. The plan comes on the heels of the fighting in Ukraine, which has sparked volatility across world markets and concerns of higher energy prices.

Europe’s largest automaker and its majority shareholder Porsche Automobil Holding SE -- the billionaire Porsche and Piech family’s main investment vehicle -- confirmed this week they’re in advanced talks

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 25 2022 | 5:01 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com