MAINTENANCE - Oliver Blume, CEO of Porsche, will launch the IPO at the end of September.
By the end of September, the Volkswagen Group will launch the IPO of Porsche AG, its 100% subsidiary. Only 25% of the capital of the German sports car manufacturer will be put on the market. It is valued between 60 and 85 billion euros. The Porsche Piëch family, the largest shareholder of the Volkswagen group via its family holding company, will hold 12.5% of Porsche after the operation. A return to basics. Oliver BlumeChairman of the Executive Board of Porsche since 2015, has just been appointed head of the Volkswagen group.
LE FIGARO. - What will the IPO bring to Porsche?
Oliver Blume. - This is a historic moment for Porsche. The successful introduction could improve the profile of the company. Volkswagen decided on this operation in particular to allow it to enjoy greater flexibility. And this in order to accelerate its transformation by investing in batteries, software and new platforms.
It is also a question of allowing Porsche…