HAMBURG (Reuters) – Volkswagen (ETR) is targeting a €70-75 billion ($70.1-$75.1 billion) valuation of luxury sports car maker Porsche as part of the division’s planned initial public offering, a familiar person said. With the command he said.
The pricing range formed the basis for discussions in the Supervisory Board that were taking place on Sunday. Volkswagen was expected to announce the pricing range for Porsche’s IPO, planned for late September or early October, later in the evening.
Volkswagen declined to comment.
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