Volkswagen has scaled back its IPO ambitions for its truck division Traton Group, which includes the brands MAN and Scania, and is now offering 15% of the company’s shares. Originally, Volkswagen had intended to offer 25% of Traton to investors. The manufacturer has now published a prospectus and launched its offer period, which begins today (17 June). The IPO is part of wider plans by Volkswagen to raise funds to invest in its core car manufacturing business. The share price […]
DX Group said it has successfully raised approximately £200.5m through selling shares on AIM this morning, following a 3% increase in turnover for the first six months of its current financial year.
Volkswagen has taken another step to integrate its MAN and Scania truck brands, creating a new holding company devoted solely to commercial vehicles.
The sale of its Palletforce shares after the purchase of the pallet network last year by EmergeVest sent Farrall’s’ profit soaring in 2015.