Volkswagen revives Traton Group IPO

Scania Griffin
 

Volkswagen’s plans to sell Traton Group, which contains the Scania and MAN brands, have been revived. Following a board meeting yesterday (13 May 2019), Volkswagen announced that the IPO will go ahead “before the summer break, depending on further developments on capital markets”. The move comes just days after Traton delivered record financial results for the first quarter of 2019, and two months after the IPO was put on hold due to “tough” market conditions. Read more Volkswagen’s plan to […]