Volkswagen to Ready Trucks Division for Potential IPO -Handelsblatt
--Volkswagen AG (VOW.XE) plans to change the legal structure of its trucks business to prepare it for a potential initial public offering, German daily Handelsblatt reported Sunday, citing unnamed sources within the company.
--The German car maker plans to change the legal denomination of its Volkswagen Truck & Bus division--which includes truck brands Scania and MAN--to a corporation in March, Handelsblatt says.
--No final decision has been taken as approval for the plans from Volkswagen's supervisory and management boards would be needed, according to the report.
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March 05, 2018 01:30 ET (06:30 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.