"We are hearing from Volkswagen that interest is extremely high on the subject of PowerCo. That should be a positive case," chairman Hans Dieter Poetsch said on the holding company's annual results call. No other listings of Volkswagen subsidiaries were planned as of yet, Poetsch said. Reuters reported last November that Volkswagen was in discussions with investors to join its battery division ahead of a possible partial initial public offering (IPO) of the subsidiary, though nothing had yet been decided. (Reporting by Ilona Wissenbach, Writing by Victoria Waldersee Editing by Paul Carrel)
March 23 (Reuters) - Volkswagen is hearing
extremely high interest from investors for a stock market
listing of its battery unit PowerCo, the chairman of the
carmaker's largest shareholder Porsche SE said on Thursday.
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