It is expected to be among the biggest public offerings in Europe. Volkswagen, which owns a bulk of Porsche shares, valued one share at EUR 76.50-8250 Thus, the whole Porsche service can be approximated at EUR 70-75 billion
As reported by “Financial Times” (FEET), the intro of the stock exchange of 12.5 percent. Porsche shares, arranged for September 29 in Frankfurt, will bring the moms and dad business (Volkswagen) 8.7-9.4 billion euros.
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VW agents stated so they will utilize practically half of the earnings to pay a one-time unique dividend while the staying funds will be designated for financial investment in advancement.
— We remain in the procedure of carrying out Porsche’s IPO strategies and we are pleased with the involvement of our primary financiers– stated VW CFO Arno Antlitz, estimated by the FT.
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