VW Trucks could pursue listing or issue debt: CEO

VW Trucks could pursue listing or issue debt: CEO

Volkswagen said it could list its trucks business as part of expansion plans for the division, Andreas Renschler, head of the trucks business said on Monday.

Renschler attends Volkswagen AG annual news conference in Wolfsburg
Andreas Renschler attends Volkswagen AG annual news conference in Wolfsburg, Germany, April 28, 2016. REUTERS/Fabrizio Bensch

FRANKFURT: Volkswagen said it could list its trucks business as part of expansion plans for the division, Andreas Renschler, head of the trucks business said on Monday.

"We want to achieve capital market readiness in the next 12 months. An IPO is just one of the options," Renschler explained to journalists in Munich.

"You can also go to the capital market without (an IPO). You can refinance yourself by issuing a bond."

(Reporting by Andreas Cremer; Writing by Edward Taylor; Editing by Arno Schuetze)

Source: Reuters

Bookmark