Volkswagen brands told to prepare for listing as training exercise

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Volkswagen brands told to prepare for listing as training exercise

BERLIN Reuters -- Volkswagen brands have been instructed to prepare for a stock market listing as a training exercise, chief executive Oliver Blume told Handelsblatt on Tuesday, without comment on whether further listings were planned.

With the advice of a banking team, chief executives and financial officers, the banking team and financial officers were working on sharpening their focus on capital markets in mind, according to Blume. The results of the exercise would be presented at a capital markets day next year.

Blume said it should be understood as a training session. I feel a motivation to give capital markets a higher relevance within the Volkswagen GroupVolkswagen Group. Volkswagen's listing of its sportscar brand Porsche last Thursday prompted speculation of further listings as a means of unlocking value in the Volkswagen GroupVolkswagen Group, which executives view as strongly undervalued.

The potential hidden value in the group is already worth almost as much as its former parent, according to Blume, who said to Handelsblatt.

Volkswagen chief financial officer Arno Antlitz said last week that the next listing on the cards was of the group's battery unit PowerCo, which declined to say whether other brands like Audi could also be put on the market.