Volkswagen has set the price range for the multibillion-euro sale of a minority stake in luxury brand Porsche as its prepares an initial public offering to fund VW's investments in new technologies and businesses including electric cars, software and services.
The German automaker said it aims for a listing on the Frankfurt stock exchange on Sept. 29 after it places up to 25% of non-voting preferred shares in Porsche AG, maker of the 911 sports car and Cayenne SUV, with investors.
