June 21, 2018 / 8:58 AM / 3 months ago

Volkswagen Truck & Bus to list 25 pct stake in summer 2019 - Manager Magazin

FRANKFURT, June 21 (Reuters) - Volkswagen’s Truck & Bus division plans an initial public offering in summer 2019 and could raise more than 6 billion euros ($6.9 bln) by listing a stake of around 25 percent, the division’s chief executive told Manager Magazin.

On being asked whether Truck & Bus, which is due to be renamed Traton, could raise 6 billion euros, Andreas Renschler said: “It could be a little more than that.”

Volkswagen has said it was considering a listing or partial listing of the trucks division, but that this would not happen in 2018. ($1 = 0.8668 euros) (Reporting by Edward Taylor Editing by Douglas Busvine)

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