VW halts truck unit Traton IPO until better market conditionsStaff Writer |
Europe Volkswagen said it would still aim for an IPO
Volkswagen said it would halt preparations for an initial public offering (IPO) of its trucks unit Traton until market conditions improve.
Volkswagen said it would still aim for an IPO once market conditions improve.
"We regret having to distance ourselves, because of currently weak market conditions, from a stock market listing of Traton SE," Volkswagen Group's chief financial officer Frank Witter said.
Volkswagen's management board still believes in the rationale of a stock market listing when market conditions improve, Witter said. ■
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