• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 5 mins Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 36 mins California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 14 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 19 hours Nord Stream - US/German consultations
  • 3 days An Indian Opinion on What is Going on in China
  • 3 days Can Technology Keep Coal Plants Alive and Well?
  • 4 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 2 hours Forecasts for Natural Gas
  • 12 hours Australia sues Neoen for lack of power from its Tesla battery
  • 3 days Storage of gas cylinders
  • 4 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Gazprom Hikes Export Prices As EU Gas Crisis Deepens

Gazprom Hikes Export Prices As EU Gas Crisis Deepens

Ironically, for a gas-starved Europe,…

Volkswagen Shares Jump After News Of Possible Porsche Listing

VW shares are on the rise Thursday after reports that the company is weighing a listing of its Porsche brand, "among other options" to unlock value. VW preferred shares were up as much as 5.7% on the news and Porsche SE was up as much as 6%. 

VW shares in Frankfurt popped as much as 3.4% on the news.

The report states that should Porsche list its shares, it would only list a maximum of 25% of the company at a "total estimated value of EU20 billion to EU25 billion, according to internal calculations," Bloomberg wrote on Thursday.

The move wouldn't just unlock value for VW, it would allow public market participants to find the mean between the automaker's value and where certain other EV automakers *cough* are valued publicly. It would also likely add to the company's access to liquidity, as going public generally does. 

Citing an unidentified member of the group's top management, the report noted that the listing likely wouldn't happen this year. Volkswagen didn't comment on the news. 

Nord/LB analyst Frank Schwope, who has a "hold" rating on VW, commented Thursday that the partial IPO would be a "very bold" move due to the fact that "the sports car brand is tightly interwoven with the wider group’s structure," according to Bloomberg. 

Schwope instead suggested the potential sale of Traton, Ducati or Lamborghini to unlock value. He said those options would make "far more sense". 

By Zerohedge.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News