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Volkswagen Expected To Rubber-Stamp Porsche IPO plan

Porsche

Volkswagen’s supervisory board is expected to approve a plan to list sportscar maker Porsche in an initial public offering, a person familiar with the matter told Reuters.

The board is currently in session and expected to vote in favour of a listing, the person said.

Volkswagen declined to comment.

(Reporting by Jan Schwartz; Writing by Christoph Steitz; editing by Matt Scuffham and Tom Sims)

 

Jan Schwartz
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