German carmaker Volkswagen mulls IPO for battery business

German-based carmaker Volkswagen Group is mulling the possibility of launching an initial public offering (IPO) for its new battery division, a spokesperson for the company confirmed to Fastmarkets.

“We're exploring different possibilities to move forward with our battery business and an IPO would be one possible solution to go forward in terms of the localization strategy for battery production but we haven't made an official decision yet and at the...

Published

Dalila Ouerghi

June 04, 2021

15:48 GMT

London