Porsche’s Blume: No plans to reconsider dual CEO rule after ‘very positive’ IPO

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Reuters UK

By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) -Porsche AG Chief Executive Oliver Blume said there was no timeframe planned to re-evaluate his dual role as head of the newly independent sports car maker and the Volkswagen Group, describing it as a deliberate decision. Porsche AG shares were trading up 2.4% at 1007 GMT from their opening price of 84 euros, reaching a market capitalisation of 78.5 billion euros ($76.1 billion) – close to the 81 billion euro valuation of former parent Volkswagen. “We are very positive about the first price. Of course we had a gut feeling – the f…

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