Porsche to go ahead with IPO - CEO

Friday, 24. June 2022 08:58

Porsche CEO Oliver Blume said on Friday the carmaker is still planning to go ahead with its initial public offering (IPO) despite the challenging economic conditions and uncertainties over the conflict in Ukraine.

"In the past, we were robust and financially strong in every crisis," Blume told Frankfurter Allgemeine Zeitung (FAZ).

In February, Porsche and its owner Volkswagen announced they are discussing the possibility of Porsche going public.

Related Links: Volkswagen AG
Author:
Baha Breaking News (BBN) / NP