Foreign media: Volkswagen confirms the Porsche listing plan, or become the largest IPO in Germany

Zhongxin Jingwei, September 6th. Comprehensive foreign media reported that Volkswagen said on the 5th that the listing of its iconic sports car manufacturers Porsche can be one of the largest listed transactions in Germany's history.

In February this year, Volkswagen revealed for the first time that it was considering that Porsche was listed. The Wall Street Journal Chinese website said on the 6th that Volkswagen confirmed the previous statement of the IPO plan and stated that in order to prepare for listing, Porsche's stock has been divided into 50%of ordinary shares and 50%of the priority of voting rights.

According to the British "Financial Times" report on the 6th, the public said that its supervisory committee has decided to let Porsche list in Frankfurt at the end of September or early October. Analysts estimate that Porsche's valuation may reach 60 billion to 85 billion euros.

The report pointed out that Porsche has always been the most profitable brand among the 10 brands of Volkswagen, and its electric model Taycan impressed the market. If the above -mentioned valuation is reached, Porsche's IPO generals have eclipsed the listing scale of $ 13 billion in 1996, and it was the largest IPO in Europe at the time.

However, the report stated that investors expressed uneasily of the timing and structure of the issuance. Stocks without voting rights will be provided to the public, allowing the public's existing shareholders and powerful unions to control Porsche, and further complicate the group's highly criticized corporate governance structure.

The report pointed out that in July this year, the overall control of the Volkswagen Group was handed over to Porsche CEO Oliver Bloom and announced that he would continue to hold these two positions. Shortly after the above decision was announced, an investigation of investors found that more than 70%of investors held negative views on these duties, and more than 40%of investors wanted to postpone or cancel the listing plan.

According to the report, the public said that if the IPO is successful, it will hold a special shareholder meeting in December, and then it will propose about half of the IPO income to pay for disposable dividends, most of which will be used to fund the Porsche-PiëCH family to buy it. The shares of the voting right.

The report finally mentioned that the company had previously stated that it would issue a one -time prize of 2,000 euros to about 130,000 German employees. The remaining income may be used to fund the transformation of Volkswagen to electric vehicles, especially battery factories. (Zhongxin Jingwei APP)

Pay attention to the official WeChat public account of JWVIEW (JWVIEW) to get more elite financial information.

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