Volkswagen is interested in Traton's stock sale after the price surge

People familiar with the matter say Volkswagen AG is exploring the sale of as much as €1 billion of stock in Traton SE. The truckmaker is taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. Volkswagen said to be exploring sale of up to $1.1 billion worth of stock.

Volkswagen exploring sale of up to $1.08 billion worth of stock in truckmaker Traton SE, Bloomberg reports. The automaker is talking to potential advisers about the stake sale to institutional investors. The potential 1 billion euros share sale represents a near 6% stake in Traton, according to market cap data.