Deals
VW Board Is Preparing Next Steps for Truck Unit Listing
- Share sale would generate funds for expansion outside Europe
- Truck unit to host capital markets day in Hanover next week
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Volkswagen AG’s board is working toward a decision to list its heavy-truck division, a move that would generate fresh funds for its bid to challenge global leaders Daimler AG and Volvo AB, according to people familiar with the matter.
VW’s supervisory board plans to discuss the matter early next week, and the truck unit will host a capital markets day later in the week at the sidelines of the commercial-vehicle show in Hanover, Germany, said the people, who asked not to be identified as the talks aren’t public. VW intends to list the truck unit’s shares next year, but the exact timing will depend on market conditions, they said.