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Volkswagen (VOWG_p.DE) Chief Financial Officer Arno Antlitz would not comment on what the valuation of a Porsche listing would be, adding that he expected huge interest from the market.

The funds will give the carmaker more flexibility on when to bring in external partners to help fund electrification, he added, as well as more flexibility on when the carmaker could list its battery division Powerco, a move he did not rule out.