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.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMediaGeneralBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!