Volkswagen Group CEO Oliver Blume has confirmed that the company may simulate initial public offerings (IPOs) for its brands in response to an internal push for greater focus on capital markets.
Blume said any IPO-based exercise should be understood as a “training session” responding to “clear motivation” within the Volkswagen Group to place greater emphasis on the financial sector.
Results from these sessions are expected to be presented at a capital markets day in 2023.
