Futures tumbled: Russian President Vladimir Putin recognized Ukraine separatist regions as independent. Doubts grew of a Biden-Putin summit. Read More...
Reuters
Exclusive-VW could issue common, preference shares in possible Porsche AG IPO – sources
Volkswagen is weighing issuing an equal number of common and preference shares in a potential listing of luxury carmaker Porsche AG and may pay a special dividend to its owners to get support for such a move, two people familiar with the matter said. Volkswagen may seek to list 25% in Porsche AG if it decides in favour of an initial public offering (IPO), the people said, adding no agreement has been reached and details of a final deal could still vary. Volkswagen and Porsche SE earlier confirmed they were in talks about a potential listing of the iconic carmaker, which could result in one of the biggest-ever IPOs, adding no firm decision had been made yet.
Add Comment