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VW to List Traton Shares on Two Exchanges

#Morgan #europe #Volkswagen


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Volkswagen AG says it aims to list shares in its Traton AG commercial truck unit on exchanges in Frankfurt and Stockholm.

The dual-listing is expected when VW begins an initial public offering later this summer. Earlier reports suggest VW will float no more than 15% of Traton shares, all of them currently held by the carmaker. There are no plans to raise equity by issuing new shares, according to the company.

The new listing will be coordinated by Citigroup, Deutsche Bank, Goldman Sachs and J.P. Morgan.

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