Volkswagen has raised approximately $393 million by selling a 2.2% stake in its truck unit Traton SE.
The sale of around 11 million shares priced at €32.75 per share, an 8% discount to Traton's closing price in Frankfurt on the previous day.
The deal was led by Bank of America, Citigroup, and JPMorgan Chase, and follows a trend of corporations cashing in on elevated European share prices.
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