June 3, 2019 / 6:34 PM / 4 months ago

VW seeks dual listing for minority stake in Traton trucks unit

FRANKFURT, June 3 (Reuters) - Volkswagen said on Monday it would seek a dual listing of a minority stake in its Traton trucks unit on the Frankfurt and Nasdaq Stockholm exchanges, with an initial public offering (IPO) planned for completion before the summer break.

The carmaker last month revived the plans to list Traton, as part of a broader overhaul of the 12-brand car and trucks manufacturer.

The IPO is anticipated to consist of existing shares held by Volkswagen, with no plans to raise additional equity capital for Traton, the carmaker said. (Reporting by Edward Taylor; Editing by Mark Potter)

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