Porsche will not go public, at least in the foreseeable future. To brake the possible IPO of the car manufacturer from Zuffenhausen it was the CEO of the Volkswagen Group Herbert Diess who wanted to dismiss the rumors that the operation for the brand of the Wolfsburg group was imminent. “We think we are well organized in the premium sector at the moment, this works quite well for us now”, Diess explained during a call on the financial results of the third quarter. “We will not sell any of the other assets at the moment.”
The German group listed Traton two years ago. its HGV division and plans to draw on external funding for battery-related initiatives, but without opt for the IPO of one of its brands to obtain liquidity. Speculation about a potential listing of Porsche, one of VW’s main profit funds, has circulated several times in recent months, including as an operation linked to the Bugatti handover. Arno Antlitz, chief financial officer of the VW group, said he was “quite confident” that investments can be financed from the group’s cash flow, provided the company achieves cost savings targets, as reported by Automotive News Europe. Decisive for VW’s choices will be the new five-year investment plan that the Wolfsburg giant will present to the group’s brands on December 9th.
The program includes an additional financial effort for investments in new technologies, including electric and self-driving cars, as well as a stronger focus on software development. According to the analysis conducted by Michael Dean, Bloomberg’s automotive expert, Porsche’s value would be very high and close to that of the Volkswagen Group as a whole: “Our analysis suggests that Porsche is worth € 71 billion to € 99 billion, compared to the VW Group’s market capitalization of € 122 billion.”
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