Volkswagen has entered into a preliminary agreement to offer its Porsche shares under its umbrella. In this way, VW plans to reveal the value of the luxury sports car manufacturer’s brand. It is also said that this transaction is one of the largest stock market entries in the world.
Volkswagen targets Porsche shares to reach $100 billion
Analysts, who have conducted various studies on the subject, have stated that compared to the current market value of Volkswagen company, which is around 116 billion euros, Porsche shares are at least 90 billion dollars after the IPO process. He says that it can reach a value of Euro ($102 billion).
Before things actually turned around, Porsche had begun buying Volkswagen shares in parts by 2008. In fact, he once held 31.4 percent with his business partner Piech. But due to his debts, he had to sell his 53 percent stake to Volkswagen.
In their interviews, some people responsible for the related transactions say that if the IPO proceeds as expected, a 25 percent share sale will take place. Of course, VW’s main reason for doing this is due to the company’s need for financial support in its all-electric transformation.
Although not many details have been given on the subject, the automaker said that a final decision has not been made yet. He also said that any deal must be approved by the governing and supervisory boards before being finalized.
In addition, according to the leaked information, Volkswagen CEO Herbert Diess is said to have met with the supervisory board representatives last weekend and presented the basic draft plans for the IPO after discussions on the subject.
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