Volkswagen Aktiengesellschaft (VLKAF)
- Reuters
Volkswagen brands gear up for listings as Porsche SE begins share acquisition
Volkswagen brands are preparing for stock market listings as a training exercise, CEO Oliver Blume told the Handelsblatt newspaper on Tuesday, as its largest shareholder began its acquisition of Porsche AG shares. Volkswagen's listing of Porsche last Thursday, floating 12.5% of the sportscar brand on the stock market, prompted speculation of further listings as a means of unlocking value in the group that executives view as strongly undervalued.
- Bloomberg
Porsche Shares Drop Below IPO Price Within Days of Making Debut
(Bloomberg) -- Porsche AG stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG defied by going ahead with Europe’s biggest initial public offering in more than a decade.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Shipping SnarlsOPEC+ Set to Discuss 1 Million-Barrel Output Cut as Demand SlowsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansStocks Cli
- Bloomberg
Porsche Wins Dismissal of $5.3 Billion Case Linked to Volkswagen Saga
(Bloomberg) -- Porsche Automobil Holding SE won the dismissal of lawsuits from hedge funds seeking about 5.4 billion euros ($5.3 billion) in damages they say they incurred during Porsche’s failed takeover of Volkswagen AG more than a decade ago.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMarjorie Taylor Greene’s Husband
