VW’s management has shown a rather unconvincing direction concerning the listing of the trucks division (i.e. Scania plus MAN and the minority stake in Navistar). It cancelled the listing in March this year only to re-open the beauty contest now. While the initial market value was assumed at up to €25bn, the new number gives a value of between €13.5bn and €16.5bn. This is lower than our current SOTP assumption of €21bn.
17 Jun 2019
Traton subscription period from 17 to 27 June
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Traton subscription period from 17 to 27 June
VW’s management has shown a rather unconvincing direction concerning the listing of the trucks division (i.e. Scania plus MAN and the minority stake in Navistar). It cancelled the listing in March this year only to re-open the beauty contest now. While the initial market value was assumed at up to €25bn, the new number gives a value of between €13.5bn and €16.5bn. This is lower than our current SOTP assumption of €21bn.