Volkswagen AG has announced plans to postpone an initial public offering of the company’s wholly owned truck-manufacturing subsidiary Traton Group, formerly Volkswagen Truck & Bus, due to uncertain market conditions.
The decision to postpone a spring flotation of Traton Groupsurprised some market analysts who called it a “near-term disappointment.” According to analysts at Loom Capital, the move was spurred by poor market conditions and slowing fundamentals in Europe and China. This is likely in reference to the Brexit conundrum in the United Kingdom and the trade conflict between the U.S. and China, according to Reuters.
