HAMBURG/FRANKFURT, Sept 5 (Reuters) – Volkswagen’s supervisory board is expected to approve the proposed IPO of Porsche, the group’s premium sports car brand, a source familiar with the matter told Reuters on Monday. .
A board meeting is currently taking place, and a vote in favor of an IPO is expected, the source said.
Volkswagen declined to comment.
Some investors question the opportunity of this IPO, based on a valuation of around 90 billion euros at the time of the presentation of the project in February, while the financial markets are suffering against a backdrop of war in Ukraine, rising energy costs and inflation. (Report Paul Carrel, Victoria Waldersee, Jan Schwartz; Emma-Victoria Farr, Christoph Steitz and Ilona Wissenbach, with contributions from Tom Sims; French version Camille Raynaud)