Volkswagen Group CEO seems to have stopped planning to list Porsche for the time being

The premium sector within the VW Group feels good,

From around February 2021, it has been rumored that the Volkswagen (VW) Group wants or intends to list Porsche, or that there is no such plan.

Reference article:
◆ News that Porsche may be listed
◆ Volkswagen CEO opposes Porsche IPO

Immediately after this rumor came out, there was a report that "No, it seems that VW CEO does not intend to list Porsche so much", but this time also "VW CEO Herbert Diess (VW CEO Herbert Diess) Herbert Diess) is not so enthusiastic about the listing of Porsche. "

BloombergAccording to the CEO himself, on October 28, 2021, he told reporters, "Two years ago, we planned to list Traton, VW's heavy-duty truck division, and obtain external funds for a battery venture. But at this point, I have no intention of selling other assets. "

Also, at the third quarter financial results briefing, it was said that "I think the premium sector is well organized now. We will not sell other assets at this time."

According to an analysis by Bloomberg car analyst Michael Dean, the VW Group has a market capitalization of € 122 billion, while Porsche alone is worth € 71-99 billion. It is

It has been wondered for the past few months whether or not to list such a valuable Porsche, but from this clearer statement from the CEO, "Oh, that possibility is not now. It seems that it became.

"We are quite confident that our investment can be funded from VW Group's own cash flow," said Arno Antlitz, CFO of VW Group.

For the time being, it seems good to forget the Porsche listing story once ^ ^

Source:
◆ VW CEO Puts Hopes for Porsche IPO on the Back Burner
◆ Porsche IPO hopes dampened by VW CEO Diess

Related article:
◆ 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

Rika (911supercars.com)

I'm Rika, the author of this article. Ever since Porsche 911 became my favorite car, I've become totally addicted to Porsche, and I can't stop loving Porsche, so I started this blog. My favorite cars are 911 Carrera (991.2), 911 Carrera Cabriolet (992.1), and 911 Carrera T (992.1).