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Volkswagen Truck & Bus to list 25 percent stake in summer 2019: Manager Magazin

Published 06/21/2018, 04:59 AM
Updated 06/21/2018, 05:00 AM
© Reuters. Volkswagen Truck & Bus GmbH CEO Andreas Renschler attends a joint news conference with Hino Motors President Yoshio Shimo in Tokyo
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FRANKFURT (Reuters) - Volkswagen's (DE:VOWG_p) Truck & Bus (DE:VOWG_p) division plans an initial public offering in summer 2019 and could raise more than 6 billion euros ($6.9 billion) by listing a stake of around 25 percent, the division's chief executive told Manager Magazin.

On being asked whether Truck & Bus, which is due to be renamed Traton, could raise 6 billion euros, Andreas Renschler said: "It could be a little more than that."

Volkswagen has said it was considering a listing or partial listing of the trucks division, but that this would not happen in 2018.

© Reuters. Volkswagen Truck & Bus GmbH CEO Andreas Renschler attends a joint news conference with Hino Motors President Yoshio Shimo in Tokyo

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