Oliver Blume in front of the Frankfurt Stock Exchange: The double CEO of Volkswagen and Porsche can be happy. The IPO was successful.
(Photo: AP)
Frankfurt The new Volkswagen boss Oliver Blume wants to focus the entire group more on the capital market. “The brands give us the opportunity to present the Volkswagen Group much more attractively for investors,” said Blume to the Handelsblatt. This is made clear by the fact that after the IPO, Porsche is valued at 80 billion euros, almost as high as the entire group. There is “still a lot of potential” in the group.
Blume, who has been in charge of the entire group alongside Porsche since September 1, is having “virtual equity stories” prepared for all ten group brands. All of the Wolfsburg-based automaker’s subsidiaries should play through a possible IPO.
Blume expressly refers to Porsche’s stock market experience. Corporate responsibility has been strengthened at the sports car manufacturer and there are efficiency gains.
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