Volkswagen (VOWG_p.DE) brands are preparing for stock market listings as a training exercise, CEO Oliver Blume told the Handelsblatt newspaper on Tuesday, as its largest shareholder began its acquisition of Porsche AG shares.

Volkswagen's listing of Porsche last Thursday, floating 12.5% of the sportscar brand on the stock market, prompted speculation of further listings as a means of unlocking value in the group that executives view as strongly undervalued.

It was also viewed as a means of giving the Porsche and Piech families, set to receive a blocking minority of 25% plus one of the voting ordinary shares, a tighter leash over the carmaker and sportscar brand. Porsche SE officially transferred the first tranche of its shares on Tuesday, consisting of 17.5% of ordinary shares - carrying voting rights - for 7.1 billion euros ($7.04 billion), the company said.

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Volkswagen Prepares Other Brands For Future IPO Offerings

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