The market needs to know who will take over when the octogenerian heads of its controlling shareholder - the Porsche-Piech family clan - retire, according to Deka, Union Investment and DWS, three of the carmaker s top 20 shareholders. The company plans to run a series of capital market days in coming months for each of its brands, which it hopes will boost a valuation in freefall since mid-2021.
As Volkswagen
regears its strategy around boosting stock market value,
investors warned its efforts would be wasted if it does not
address the elephant in the room: the lack of a succession plan
for.
Volkswagen News: The market needs to know who will take over when the octogenerian heads of its controlling shareholder - the Porsche-Piech family clan - retire, according to Deka, Union Investment and DWS, three of the carmaker s top 20 shareholders. The company plans to run a series of capital market days in coming months for each of its brands, which it hopes will boost a valuation in freefall since mid-2021.
By Jan Schwartz and Victoria Waldersee HAMBURG/BERLIN (Reuters) - As Volkswagen regears its strategy around boosting stock market value, investors war.
VW is rearranging its strategy around boosting its stock value, but investors are worried about who will take over when the elderly heads of its main shareholder - the Porsche-Piech family clan – retire.