Volkswagen shares soar on possibility of a Porsche listing

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South Africa Headlines News

Carmaker is saying nothing, but traders expect clarity at the group's annual press conference on March 15

Hopes for more clarity on a possible listing of Volkswagen’s luxury Porsche division lifted the share price of Europe’s largest carmaker and its top shareholder on Wednesday.

“That’s when management will hopefully show their colours,” a company source familiar with talks about a listing told Reuters. “The situation is coming to a head,” said another informed source. Volkswagen is still considering a potential partial listing of Porsche and has decided, according to informed sources.

 

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