potential stock market listing is central to funding the automaker’s electrification plans, Volkswagen Group’s chief financial officer, Arno Antlitz, said, adding that a final decision had not been taken on the flotation.
VW’s management and supervisory boards will meet later on Monday to discuss whether the long-anticipated listing of Porsche should go ahead in late September or early October.
Antlitz, appointed VW chief operating officer alongside his role as CFO on 1 September when Oliver Blume became group CEO, said in an internal VW interview that preparing the initial public offering had been a key part of his role in recent months.
“This is a key element for the group, especially because the possible proceeds would give us more flexibility to further accelerate the transformation,” Antlitz said in the interview. “However, a decision has not yet been made.”
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