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Exclusive-VW could issue common, preference shares in possible Porsche AG IPO

by Mike Robinson

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© Reuters. FILE PHOTO – People view the Volkswagen booth at the Auto Shanghai Show in Shanghai on April 19, 2021. REUTERS/Aly Song

HAMBURG (Reuters). Volkswagen (DE.) might issue an equal amount of preferred and common shares as part of a potential listing for luxury carmaker Porsche AG. It may also pay a special dividend, according to two sources familiar with the matter.

Volkswagen might list 25% of Porsche AG if it chooses to do an Initial Public Offering (IPO), according to people. However, no deal has been made and the details of a final agreement could change.

Volkswagen and Porsche SE confirmed earlier that they had begun discussions regarding a possible listing of this iconic carmaker.

Volkswagen and Porsche SE (which holds 31.4% of Europe’s largest carmaker) declined to comment.

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