BERLIN, Jan 22 Reuters Germany39;s Volkswagen plans to sell 15 of its shares in truck unit Traton in the first half of this year, hoping to raise about 2 billion euros 2.09 billion, manager magazin reported on Wednesday, citing unnamed company sources.

Volkswagen declined to comment.

A spokesperson for Traton said they could not comment on Volkswagen39;s plans, but regularly received feedback from investors that the low free float was an obstacle for them a point which Volkswagen CFO Arno Antlitz also made on an earnings call in April.

Following a partial initial public offering in 2019, most of Traton is owned by parent Volkswagen with the company39;s free float at a mere 10.28.

Blume confirmed in May that Volkswagen planned to lower its stake in Traton to 75 plus one share over the mediumterm, compared with 89.72 now.

1 0.9571 euros

Reporting by Christina Amman Writing by Madeline Chambers, Victoria Waldersee; editing by Matthias Williams

Source Reuters