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10/13, 11:04 AM (Source: TeleTrader)
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VW-1.07%

278.20
Chart for: VOLKSWAGEN AG ST O.N.

VW considers IPO for charging & energy unit

Volkswagen is considering an initial public offering (IPO) for its charging and energy business, the carmaker's Chief Technology Officer Thomas Schmall told Manager Magazin in an interview published on Wednesday.

Schmall stressed no final decision on the matter has been made and noted it would take around two years to set up a new company it would then list on the stock exchange.

Earlier this year, Volkswagen said it is considering taking its battery unit public but is yet to reach a final decision on that as well.

Baha Breaking the News (BBN) / NP