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Wolfsburg (dpa) - According to a press report, the Volkswagen Group is again thinking harder about a possible IPO of its sports car subsidiary Porsche.
The company is considering ways to increase the stock market value of the group, including in the medium term an initial listing of the profit maker Porsche, wrote “Manager Magazin” (“MM”) on Thursday, citing group insiders.
However, in such a case, VW will only sell a maximum of 25 percent of the shares.
Such a package is calculated with a possible value of 20 to 25 billion euros.
According to the magazine, an unnamed member of the group's top management pointed out that this year, at least, it would no longer work.
Volkswagen announced that they would not comment on the rumors of an IPO of Porsche.
Investors have been speculating for years that the Porsche corporation could turn the earnings pearl Porsche into money that the Wolfsburg-based company could use in view of the upheaval in the industry.
According to analysts, the value of the Stuttgart subsidiary in the Volkswagen Group does not really come into its own.
VW boss Herbert Diess has long proclaimed the goal of significantly increasing Volkswagen's stock market value.
In 2019, VW already listed the commercial vehicle holding Traton on the stock exchange.
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The topic also got new nourishment on the market after the car and truck manufacturer Daimler announced a split and thus sparked enthusiasm among investors.
Volkswagen and other traditional car companies are increasingly falling behind with investors compared to the US electric car pioneer Tesla, which now has three times as much market value as Volkswagen, Daimler and BMW put together.
© dpa-infocom, dpa: 210218-99-496413 / 2