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Volkswagen sets Porsche IPO at up to 9.4 billion euros

Por: ABC News World September 19, 2022

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FRANKFURT, Germany -- Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche as it prepares an initial public offering to fund VW's investments in new technologies and businesses including electric cars, software and services. The German automaker said it aims for a listing on the Frankfurt stock exchange on Sept. 29 after it places up to 25% of non-voting preferred shares in Porsche... + full article



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