Traton postpones IPO after buyers balk at valuation

By Aidan Gregory, Sam Kerr
14 Mar 2019

German automobiles conglomerate Volkswagen has postponed the flotation of Traton, its trucks division, after the company could not achieve its desired valuation owing to a difficult backdrop for the automobile sector.

In a statement on Wednesday, Volkswagen said it would restart the Traton IPO once market conditions improve.

The move comes after Continental, the German car parts company, pushed the listing of its power-train business back to the second half of 2019 because of the deteriorating outlook for the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.