Volkswagen, one of the largest car manufacturers in the world, also has Skoda, Seat, Cupra, Audi, LamborghinicBentley Porsche and Ducati brands are known for being a huge company. But still, the company sometimes resorts to interesting ways to get more financial resources.

If you remember, the German auto giant bought 25% of Porsche last February. We were talking about offering it to the public.. If the official statement about this start this month was done. A new statement issued in recent days has announced when the IPO process will begin.

Shares listing expected on September 29

The German auto giant announced in its statement that the public offering of the shares has been announced on the Frankfurt Stock Exchange. announced it will launch on September 29th. In addition, this 9.4 billion euros The buyer of part of the shares (TL 172,179,706,000) is already known. Qatar Investment Authority, for itself 4.99%announced that it will purchase small amounts of shares for its other partners.

Volkswagen transferred the money it earned from this IPO to its company’s R&D department. will use it to raise money. The R&D department is currently researching high-end automotive batteries with longer range and super-fast charging units. The company must also invest in R&D. in constant contact with investors in electric vehicles.

Following the completion of this IPO, Volkswagen 19.5 billion euros (9,945,000,000 TL) income. He earned 49% of this money, that is, vol 9,555,000,000 euros (TL 175.046.173.534 TL) remaining after distribution to shareholders 9,945,000,000 euros will also use (182.187.280.015 TL) for investments in R&D projects.