VW readies Porsche IPO in one of Europe’s largest listings
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — German automaker Volkswagen is holding a share offering for a minority stake in its luxury division, Porsche. And it will rank among the largest in European history. Volkswagen could reap as much as 9.5 billion euros to fund its push into electric cars and software.
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