March 4, 2019 / 7:44 PM / 9 months ago

VW decision whether to list trucks unit Traton a matter of days

FILE PHOTO: Volkswagen CFO Frank Witter speaks at the annual earnings news conference of VW in Berlin in Berlin, Germany, March 13, 2018. REUTERS/Hannibal Hanschke

GENEVA (Reuters) - Volkswagen Chief Financial Officer Frank Witter on Monday said a listing of the German carmaker’s Traton trucks unit is highly desirable, and a decision will be made in the coming days.

The market environment for stock market listings remains volatile with markets spooked by uncertainty surrounding the question of Britain’s exit from the European Union and whether the United States will impose tariffs on European cars, Witter said.

“A listing his highly desirable,” Witter said at the Geneva car show.

“We will evaluate the valuations that analysts give the asset and will take a decision in the coming days,” Witter said about the potential listing.

Reporting by Edward Taylor; Editing by Ludwig Burger

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