Porsche Approaching New Listing

Goldman Sachs ($GS@US) and law firm Freshfields are working with Volkswagen ($VWAGY@Germany) on a potential luxury carmaker Porsche AG listing. While Volkswagen has no immediate comment on the possibility of a separate Porsche listing, the Porsche and Piech families—who own around 30% of Volkswagen’s shares and 50% of the voting rights—are prepared to take a massive stake in their namesake brand if it receives a separate listing. Volskwagen stock remained flat as the news broke.