Volkswagen sells 11.5% stake in Traton for €1.55bn

摘要

Volkswagen has completed an IPO for its subsidiary Traton, placing 575 million shares at a price of €27 (£24) each and raising €1.55bn. Volkswagen remains the majority shareholder in Traton, which owns Scania and MAN, having sold 11.5% of the business. Traton is now listed on the Stockholm and Frankfurt stock exchanges.