BERLIN—Volkswagen AG said on Thursday that it would offer up to 15% of its truck unit Traton AG in a range of €27 ($30.5) to €33 a share, making the initial public offering worth up to €1.9 billion. The share offering, which values all of Traton at about €16.5 billion, marks a long-awaited step by Volkswagen to begin chipping off some of the company’s divisions no longer deemed necessary for maintaining the core business of building cars and offering new mobility services.

Source: Wall Street Journal June 14, 2019 00:00 UTC