Volkswagen could place additional Traton shares after IPO -CFO

Credit: REUTERS/Fabian Bimmer

German carmaker Volkswagen could place additional shares of its Traton unit after the truckmaker's planned initial public offering, Volkswagen finance chief Frank Witter said in a call with journalists on Monday.

HAMBURG, June 17 (Reuters) - German carmaker Volkswagen VOWG_p.DE could place additional shares of its Traton unit after the truckmaker's planned initial public offering, Volkswagen finance chief Frank Witter said in a call with journalists on Monday.

The Wolfsburg-based conglomerate said last week it was aiming to raise up to 1.9 billion euros ($2.1 billion) by listing Traton. Volkswagen has scaled back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake.

Witter on Monday said the reaction from investors was positive while the market environment was "not ideal, but not bad either".

($1 = 0.8917 euros)

(Reporting by Jan Schwartz Writing by Thomas Seythal Editing by Michelle Martin)

((thomas.seythal (at) thomsonreuters.com; +49 30 2888 5156; Reuters Messaging: thomas.seythal.thomsonreuters.com@reuters.net))

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