Porsche listing decision in late summer - VW's Antlitz

Thursday, 28. July 2022 09:53

Volkswagen Chief Financial Officer Arno Antlitz confirmed on Thursday the decision on the carmaker's plans to list its brand Porsche on the market will come before the end of summer.

"We continue to execute our plan for a potential IPO of Porsche later in this year. Preparation is continuing with a decision expected late summer, now with even more emphasis than before," Antlitz revealed during the earnings call following the report that was released earlier today.

Volkswagen's new boss Oliver Blume has also backed Porsche's IPO plans, Antlitz added.

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