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Porsche Approaching New Listing
Description
Goldman Sachs ($GS@US) and law firm Freshfields are working with Volkswagen ($VWAGY@Germany) on a potential luxury carmaker Porsche AG listing. While Volkswagen has no immediate comment on the possibility of a separate Porsche listing, the Porsche and Piech families—who own around 30% of Volkswagen’s shares and 50% of the voting rights—are prepared to take a massive stake in their namesake brand if it receives a separate listing. Volskwagen stock remained flat as the news broke.
Keywords & Tags
#finance
#inflation
#business
#goldman sachs
#economic recovery
#Germany
#economic growth
#Volkswagen
#automobile manufacturer
#Porsche
#New Listing
#Piech Families
#law firm
#Freshfields
#luxury carmaker
#AG listing
#Porsche listing
#Volkswagen’s shares
#voting rights
#massive stake
#separate listing
#Porsche AG
#high-performance sports cars
#SUVs
#sedans
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