Volkswagen plans to conduct an IPO for truck division in 2019

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The Supervisory Board of the German automotive concern Volkswagen next week plans to discuss the holding of an IPO for unit that produces heavy trucks, Bloomberg reports referring to sources familiar with the situation. According to sources, Volkswagen management plans to conduct an IPO in 2019, but they did not name the specific date. As previously reported, with the support of the largest shareholders and trade unions of Volkswagen, the legal structure of the division for the production of trucks and buses was changed, it became known as Traton. If the IPO takes place, it will be the most significant change in the structure of the German automaker.

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