Traton prices IPO at bottom of the range

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Traton prices IPO at bottom of the range

Sam Kerr
June 27, 2019 02:15 pm
Traton_PA_230x150
16 April 2018, Germany, Munich: Two MAN trucks at the MAN Forum. Volkswagen (VW) is considering preparing the truck manufacturers MAN and Scania for an IPO. Photo: Sven Hoppe/dpa | Sven Hoppe/DPA/PA Images

Volkswagen has closed the books on the long-awaited spin-off of its truck division, Traton, at €27 a share, the bottom of the price range. It was a positive result for the company, according to sources speaking to GlobalCapital.

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