Porsche AG’s potential IPO will benefit from being part of the Volkswagen Group, said CEO Oliver Blume.

“We feel very comfortable in the Volkswagen Group, we can profit from synergies. The important thing in this time is to focus on transformation,” said Blume while speaking at a car industry conference organised by autos publication Automobilwoche in Ludwigsburg, Germany.

In October, Germany’s Manager Magazin reported that Goldman Sachs and law firm Freshfields were among advisors working on its potential listing.

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Tags: Automobilwoche, car, CEO, Freshfields, Goldman Sachs, industry conference, Initial public offering, IPO, Oliver Blume, Porsche AG, potential listing, profit, synergies, Volkswagen Group