|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||108.33 - 108.33|
|52-week range||52.68 - 126.55|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||5.28|
|Forward dividend & yield||2.61 (2.42%)|
|Ex-dividend date||26 Jul 2021|
|1y target est||N/A|
FRANKFURT (Reuters) -Investment bank Goldman Sachs and law firm Freshfields are among advisors working on a possible listing of Volkswagen's luxury unit Porsche AG, Manager Magazin reported on Thursday, without saying where it obtained the information. The report prompted Volkswagen shares to rise 3% to the top of Frankfurt's blue-chip DAX index, reflecting hopes that such a move could unlock tens of billions of euros in value hidden under the carmaker's complex conglomerate structure. Bank of America, in a note last week, put Porsche's enterprise value at about 75 billion euros ($87 billion), accounting for more than half that of Volkswagen.
Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum. Porsche SE, the largest shareholder in Volkswagen, said it would keep a 40% stake in the unit, whose software is being used by more than 2,500 cities and municipalities worldwide. "It is Bridgepoint's fundamental goal to invest in successful, sustainable companies in growth markets," said Carsten Kratz, partner and head of Germany, Austria and Switzerland at Bridgepoint.
Before our EV future arrives, we are still living in the present, where luckily for us the Porsche 911 Carrera S exists. And Porsche here is still doing something that is becoming rarer and rarer these days, and that is including a true, 7-speed manual transmission.