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FILE PHOTO: Visitors stand in front of Volkswagen's group of trucks, the Traton Group, formerly Volkswagen Truck & Bus AG, in Hanover, Germany, on September 19, 2018. REUTERS / Fabian Bimmer / File Photo
HAMBURG (Reuters) – German automaker Volkswagen could put additional shares in its Traton unit after the company's IPO, Volkswagen chief financial officer Frank Witter said on Monday.
The Wolfsburg-based conglomerate announced last week its intention to raise up to 1.9 billion euros ($ 2.1 billion) by signing Traton. Volkswagen has reduced its previous ambitions to list up to a quarter of the unit by opting for a 10% stake.
Witter said Monday that the investor reaction was positive while the market environment was "not ideal, but not bad either".
($ 1 = 0.8917 euros)
Report by Jan Schwartz; Written by Thomas Seythal; Edited by Michelle Martin
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