Volkswagen Weighs Traton Stock Sale, Bloomberg Reports

Dow Jones05-14

-- Volkswagen is considering the sale of up to 1 billion euros ($1.08 billion) in Traton stock to capitalize on the commercial-vehicle maker's surging share price, Bloomberg reports, citing people familiar with the matter.

-- Volkswagen has been talking to potential advisors about a sale to institutional investors through an accelerated bookbuilding as soon as the next few weeks, Bloomberg reports.

-- Volkswagen didn't respond to a request for comment.

Full story: https://shorturl.at/efhFZ

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

May 14, 2024 01:29 ET (05:29 GMT)

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