Volkswagen in Advanced Talks Over Porsche IPO – The Wall Street Journal

BERLIN— Volkswagen AG and the heirs of Beetle designer Ferdinand Porsche, the company’s largest shareholder, said on Tuesday they are in advanced talks that could lead to the initial public offering of the iconic Porsche AG sports-car maker.

The German auto maker said it had worked out a framework agreement with Porsche SE that still requires formal approval of both companies and their supervisory boards.

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