Volkswagen offers 15% slice of Traton Group in IPO launch

Scania Griffin
 

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 […]