Volkswagen Adds More Banks to Porsche Sports Car IPO

Volkswagen AG has added a slew of additional underwriters as it pushes ahead with the planned initial public offering of its Porsche sports car unit, people with knowledge of the matter said.

BNP Paribas SA, Deutsche Bank AG and Morgan Stanley were selected as senior joint bookrunners, the people said. Barclays Plc, Banco Santander SA, Societe Generale SA and UniCredit SpA will work on the deal as regular bookrunners, according to the people, who asked not to be identified because the information is private.