Volkswagen’s brands will be made public in an educational exercise, CEO Oliver Blume told Handelsblatt newspaper on Tuesday, without specifying whether additional IPOs were planned.
Porsche’s board last Thursday raised hypotheses about other boards as a way to list in the Volkswagen Group, which executives see as highly undervalued.
Logos not listed come with Audi, Lamborghini, Bentley, Skoda, Seat and Cupra. With the leadership of a banking team, the logo’s chief executives and CFOs rushed to fine-tune their approach with capital markets in mind, Blume said. The effects of the training will be presented at a money markets day next year. “This should be understood as an education session,” Blume said.
“Within the Volkswagen Group, I feel a transparent motivation to give greater prominence to the capital markets. “
“In fact, I can believe that the Volkswagen Group is a kind of holding company for various indexed companies. If done wisely, this can significantly increase the price and improve the competitiveness of the organization and brands,” Arndt Ellinghorst, automotive expert at knowledge company QuantCo, said of Blume’s comments.
Porsche is already almost as much as its previous relative, which Blume said pointed handelsblatt to the possible hidden price of the group.
However, Porsche’s board has yet to gain an advantage over Volkswagen’s valuation, with the group’s shares falling about 10 percent, in part because investors have moved from the former parent company to the sports car brand.
Volkswagen Chief Financial Officer Arno Antlitz said last week that comparing a list of PowerCo battery sets was the next priority, ruling out other logo listings imaginable.
Porsche’s list was based on points such as the Porsche and Piech families controlling maximum voting rights from Volkswagen, which may not be guaranteed for other brands, RBC’s Tom Narayan said, pointing to a list of battery or software divisions at most. probably the next step.
Volkswagen shares rose to 130. 62 euros at 08:33 GMT on Friday, which is very much in line with a broader rise in the European auto sector.