Germany: VW sets new preference share price at €65

Volkswagen has announced it has set the subscription price for its new issue of preference shares at €65 per share. The company will issue 64,904,498 new shares with a subscription ratio of 37:6. Net proceeds of the issue are expected to be approximately €4.1bn (US$5.46bn). The capital increase involves the issue Subscribe to Automotive World … Continued

• By Webmaster
• March 26, 2010