Volkswagen Keeps IPO Option Open For Charging, Energy Business: Report

  • Volkswagen AG's VWAGY energy and charging division is reportedly exploring a possible listing.
  • The energy and charging business division, like its battery business PowerCo, is preparing for a listing as part of a training schedule by the CEO Oliver Blume, Reuters reported.
  • The plan was to secure the long-term structure of the business, the report quoted the division's chief Elke Temme.
  • Also ReadGoogle, Porsche Trying To Seal Deal For App Access
  • The results of the training, called, 'virtual equity stories' will be handed out a capital markets day in 2023.
  • Also ReadVolkswagen Warns On Persistent Semiconductor Supply Bottlenecks In 2023
  • Price Action: VWAGY shares closed higher by 1.25% at $17.27 on Friday.
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