Volkswagen says Porsche listing is on track as planned ...Qatar

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Volkswagen says Porsche listing is on track as planned
Volkswagen AG said the planned initial public offering of Porsche is on track even as global markets face deep turmoil amid a worsening energy crisis in Europe. “Things are progressing according to plan,” chief financial officer Arno Antlitz said in a statement published on VW’s corporate intranet yesterday. “The possible proceeds would give us more flexibility to further accelerate the transformation,” said Antlitz, who has closely worked on the preparation of what is set to be one of Europe’s biggest share sales ever. While a listing of Porsche would help direct funds to VW’s ambitious plans on rolling out electric cars and software investments, the IPO is up against some of the worst ma

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