Traton postpones IPO after buyers balk at valuation

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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 ...

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