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Volkswagen and Porsche SE (the company that holds the majority of the auto giant’s shares) have issued statements stating that they are discussing the spin-off of legendary sports car maker Porsche as an independent manufacturer through an initial public offering (IPO) of its shares. . Only 25% of the shares will be traded, allowing Volkswagen and Porsche SE to retain control of the company.
Something similar happened 7 years ago, when the FCA created Ferrari NV and sold 10% of the ordinary shares of the “Maranello horses” on the New York Stock Exchange.
This move is not just a way to increase shareholder value. Its main goal is a new financing option for Volkswagen. With the sale of 25% of Porsche’s shares, the German group will have access to more money to invest in the electrification of its future models.
Bloomberg Intelligence estimates that the emerging company could reach a value of up to 85 billion euros. Volkswagen’s current market capitalization is $ 129.5 billion.
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