Total proceeds from the sale will be 18.1 billion to 19.5 billion euros. If the IPO goes ahead, Volkswagen will call an extraordinary shareholder meeting in December where it will propose to pay 49% of total proceeds to shareholders in early 2023 as a special dividend.
VW (Ticker: VWAGY) is valued at around $88B Usd/Euros. That makes the payout a 10% special dividend. Perhaps another play is therefore to get VWAGY shares around November and hope that it rises because of this news. And sell before the event, as the more-than-dividend-amount drop would likely not make it worthwhile to hold through ex-dividend date. There might even be withholding taxes on the German side, though not sure. Too bad it’s OTC, so no options to play this.