Porsche to enter stock market before the end of 2022: VW

13 Sept 12:13 Key points summarised by AI

Volkswagen confirms Porsche AG's IPO for late September/early October 2022 on the Frankfurt Stock Exchange, despite current financial market uncertainties.
The highly anticipated listing aims to grant Porsche greater independence and capitalize on strong investor interest, valuing the brand between 60-85 billion euros.
Proceeds from the IPO will significantly bolster Volkswagen's investment in its ambitious electric vehicle transformation, including battery factory development.
VW plans to distribute a special dividend amounting to 49% of the total gross IPO proceeds to its shareholders.
The Porsche-Piech family, VW's main shareholders, will secure a blocking minority stake (25% plus one share) in Porsche, maintaining influence over the luxury carmaker's future.

Commerce ministry eyes 19% export growth, despite European unrest

Today 09:42 Key points summarised by AI

The Ministry of Commerce projects robust full-year export growth of up to 19% for 2026.
This optimistic forecast persists despite potential long-term risks from ongoing European protests, which have not yet significantly impacted orders or logistics.
Thai exports demonstrated strong performance, increasing 24% year-on-year in September 2026, extending a 27-month growth streak, primarily fueled by high demand for electronics and AI technology.