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    Volkswagen reserves IPO options for charging, energy businesses – division chief

    shivachetanbijjal@gmail.comBy shivachetanbijjal@gmail.comJanuary 23, 2023No Comments1 Min Read
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    HAMBURG, Jan 23 (Reuters) – Volkswagen’s (VOWG_p.DE) energy and charging unit is keeping all options open for the long-term structure of the business, including a possible listing, the unit’s head Elk Teimer told Reuters. said in an interview with Reuters.

    Like all of the automaker’s unlisted brands and its battery business PowerCo, the unit is preparing to go public as a training session launched by Chief Executive Officer Oliver Blume after his sports car brand Porsche (P911_p.DE) went public last year. Activity.

    The results of these exercises, which VW calls a “virtual stock story,” will be revealed at a capital markets day later this year.

    Reporting by Jan Schwartz, writing by Victoria Waldersee, editing by Rachel More

    Our Standards: The Thomson Reuters Trust Principles.

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