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Rumors that the Piech clan will sell VW shares for Porsche IPO

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Will Porsche be listed?

Well, it is a rumor of Porsche IPO.

Is it around February 2021? "It seems that Porsche will be listed," "No, it seems that it will not be," "Yeah, it seems that it will be," "VW CEO said that it will not be done." It's flying around.

The last thing reported recently was that, perhaps as of the end of October 2021, the president of the Volkswagen Group said he wasn't thinking about listing Porsche.

From there, this story was supposed to have never happened again. I think it should be. Should be. maybe.

It came here, and this time, the news that "the Piech clan is expected to reduce its stake in VW as it controls Porsche's sports car business more directly."

What do you mean?

I thought, so I would like to take a quick look again without any discipline.

The story that came out again this time was reported through Reuters, but the source of the content is "two people familiar with the matter".

No, no, so who is this kind of person (laughs).

I think that, but since Reuters, who actually knows who these "two people" are, wrote the article because he thought that it was highly credible, I think that it is a completely techie story. Can not.

Anyway, according to the information from such "two people familiar with this matter", VW Group is still exploring the possibility of initial public offering of Porsche as a way to raise funds for software and electric vehicle development.

There is speculation that if Porsche is listed, it will be a tremendous IPO like never before, but there are too complicated interests behind it, and it is decided to list it easily. There seems to be no such thing.

By the way, it is estimated that the valuation of Porsche alone will be 51 billion to 101 billion dollars. Are you talking about 5 to 12 trillion yen?

It's much higher than when it was first reported (when this story started, it was said to be around 3 trillion yen. * Impact of exchange rate fluctuations when I was converting dollars into yen There are also some).

Move to the Piëch clan?

And then, according to the report of the German business paper "Handelsblatt" on December 7, 2021, the Porsche and Piech families who control the Porsche Automobile Holding SE, the largest shareholder of the VW Group, are Porsche. It is said that it is considering selling a part of VW shares in order to raise funds for stock purchase when there is a possibility of IPO.

According to the Handelsblatt, the Piech family owns 31.41 TP1T of VW shares and 53.31 TP1T of voting rights through Porsche SE, they are about 15 billion euros (about 2 trillion yen). It is possible to sell enough shares to raise.

In addition, it is possible to continue to be VW's largest shareholder after the sale (next is the German state of Lower Saxony, Germany, which owns the 11.8% and has voting rights for the 20%.

Regarding the series of reports, Porsche SE said "pure speculation", and no comment further. And VW is also refraining from commenting.

Following this report, VW's preferred stock, which had fallen sharply in recent weeks, rose 8.61 TP1T at the top of the German benchmark DAX index. The stock price of Porsche SE also seems to have closed at 8.51 TP1T high.

As you all know, Porsche is a sports car brand founded in 1931 by Ferdinand Porsche, the ancestor of the Piech clan.

Not only the story that "Porsche may IPO to raise funds for VW", but also the movement of the Piehi clan behind it, it is somewhat more credible than before. I feel like there is, but what will happen?

It's not very pleasant to follow this uncertain information forever, but one day I suddenly think that the news "Porsche is IPO!" May come in and I will follow it ^ ^ ^

I'm sorry for all the uncertain information.

Source:
Volkswagen exploring IPO of luxury carmaker Porsche -sources
VW said to be exploring potential $100B Porsche IPO to help fund EV, AV shift

Related article:
Volkswagen Group CEO seems to have stopped planning to list Porsche for the time being
◆ News that Porsche may be listed
◆ Volkswagen CEO opposes Porsche IPO
◆ Is Lamborghini moving from the Volkswagen Group to a more independent system?
◆ Porsche and Hedge Funds: Why Porsche is in the VW Group

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