Volkswagen definitely comes out on the spin-off projects they concern Porsche. The German group admitted that it is scrutinizing the possibility of listing the Zuffenhausen brand on the stock exchange, a decision that had been the subject of various speculations in the past months and that is now under the light of the sun. The board of directors of the Wolfsburg giant will have on the table the dossier relating to the spin-off of Porsche, with a listing that for the German brand would mean following a path similar to that undertaken by Ferrari a few years ago.
In that case, the Cavallino achieved results that underlined the soundness of the decision taken, with the Maranello-based company being solid and looking to the future with growing ambition. Porsche’s value is beyond question, with analysts’ estimates that would even exceed those of the entire VW group. To highlight the stability and strength of the Zuffenhausen brand, the CEO of the brand Oliver Blume also thought about Volkswagen’s decision to declare the evaluations of a possible spin-off open. “We welcome this decision by Volkswagen AG. Porsche is a strong brand with a solid business model and a worldwide fan community. We also pursue ambitious sustainability goals. For example, Porsche expects to achieve a CO2 neutral balance in 2030. Porsche and Volkswagen may continue to benefit from joint synergies in the future ”.
We will see in the coming weeks what they will be the decisions of Herbert Diess and of the board of directors and with what timescales, if any, the transaction will take place. With the approval of the Porsche and Piech families that control important shares of the brand, VW has everything to be able to proceed with the listing, keeping a small slice of the company and at the same time obtaining the necessary liquidity to push further in its transition process towards the electrification.
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