Volkswagen CEO: prepared to sell more Traton shares to raise free float

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FRANKFURT (Reuters) – Volkswagen on Wednesday signalled the sale of additional shares in its truck division Traton to raise the unit’s free float and remove a hurdle for potential investors. Following a partial initial public offering in 2019, most of Traton is owned by parent Volkswagen with the company’s free float at a mere 10.28%. Since the beginning of the year, Traton shares have gained by

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