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Reuters
Reuters
Business

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

FRANKFURT (Reuters) - Volkswagen's <VOWG_p.DE> Truck & Bus <VOWG_p.DE> division plans an initial public offering in summer 2019 and could raise more than 6 billion euros (5.24 billion pounds) 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. [nL8N1TH13R]

(Reporting by Edward Taylor; Editing by Douglas Busvine)

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