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Oliver Blume, ceo of Volkswagen Group and Porsche AG, celebrated on Thursday a new era for the luxury sports car brand following its initial public offering (IPO) at the Frankfurt Stock Exchange, Kallanish reports. At the helms of both companies, Blume orchestrated the successful listing – Europe’s largest IPO by market capitalisation. Porsche was valued at €78 billion ($76 billion) ahead of the placement of 113.87 million preferred shares a…
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