Volkswagen boards to discuss Porsche listing on Monday

2022.09.03 12:18

FILE PHOTO: Attendees look at the 2022 Porsche 718 Cayman GT4 RS during the 2021 LA Auto Show in Los Angeles, California, U.S. November 17, 2021. REUTERS/Ringo Chiu/File Photo

BERLIN (Reuters) – Volkswagen (ETR:VOWG_p)’s management and supervisory boards will discuss at a meeting on Monday whether the long-anticipated listing of sportscar brand Porsche in late September or early October should go ahead, the carmaker said on Saturday.

A decision will also be taken on whether Volkswagen approves of the sale of 25% and one share of ordinary shares in Porsche AG to Porsche SE, as laid out in a framework agreement by the two parties in February.

“A final decision has not yet been taken,” Volkswagen’s statement said.

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