Volkswagen Keeps IPO Option Open For Charging, Energy Business: Report

by Shivani Kumaresan, Benzinga Staff Writer

January 23, 2023 6:13 AM | 1 min read | Make a Comment

Volkswagen AG's VWAGY energy and charging division is reportedly exploring a possible listing.
The energy and charging business division, like its battery business PowerCo, is preparing for a listing as part of a training schedule by the CEO Oliver Blume, Reuters reported.
The plan was to secure the long-term structure of the business, the report quoted the division's chief Elke Temme.
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The results of the training, called, 'virtual equity stories' will be handed out a capital markets day in 2023.
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Price Action: VWAGY shares closed higher by 1.25% at $17.27 on Friday.
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