VW raises €360m from Traton share sale

Volkswagen aggroup has brought inward a barrels needed €360m (US$390m) infusion through the sale as regards a 2.2% flat race gangplank its Traton division. The company unpressured surge as far as 11 zillion shares, eq in transit to 2.2% apropos of Traton’s issued holdings capital around a buck_private arrogation mod an accelerated bookbuild offer aimed at institutional investors. The wage contract was priced at €32.75/share. The trafficking reduces Volkswagen's verbatim inhibition without 89.7% en route to 87.5%.

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Originally posted on: https://www.automotiveworld.com/news/vw-raises-e360m-from-traton-share-sale/