BERLIN (Reuters) – Volkswagen’s executive and supervisory boards will meet on Monday to discuss whether to go ahead with the planned IPO of Porsche, the group’s premium sports car brand, scheduled for late September. or early October, the German manufacturer said on Saturday.
A decision will also be taken on the plan to sell 25% of the capital of Porsche AG plus one share in Porsche SE, Volkswagen’s largest shareholder, as provided for in the agreement in principle concluded in February between the two parties.
“A final decision has not yet been taken,” Volkswagen said in a statement.
(Report Riham Alkousaa, French version Bertrand Boucey)