Volkswagen retaining IPO selection open for charging, electrical power organization – division main

HAMBURG, Jan 23 (Reuters) – Volkswagen’s (VOWG_p.DE) vitality and charging division is holding all alternatives open for the prolonged-term construction of the small business, which include a achievable listing, the division’s chief Elke Temme mentioned in an interview with Reuters.

The division, like all the carmaker’s unlisted brand names and its battery small business PowerCo, is heading by the motions of preparing for a listing as a teaching work out instituted by Main Government Oliver Blume just after the carmaker outlined sportscar brand name Porsche (P911_p.DE) past yr.

The success of these workout routines, which Volkswagen has dubbed ‘virtual fairness stories’, will be presented at a funds marketplaces day later on this year.

Reporting by Jan Schwartz, Composing by Victoria Waldersee, Editing by Rachel Additional

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