According to Handelsblatt, the family is considering buying a significant block of shares in Porsche through Porsche Automobil Holding SE.
According to a media report, the Volkswagen major shareholder Porsche SE is considering the sale of part of the majority stake in the car company. The one behind the holding
The existing owner families Porsche and Piech wanted to buy a significant package of shares in Porsche in the event of a possible IPO of the VW sports car subsidiary Porsche, reported the Handelsblatt on Tuesday with reference to corporate groups.
To finance that, they looked into selling parts of their VW stake. VW shares rose more than eight percent in response to the news. Porsche SE declined
issued a statement and described the newspaper report as pure speculation. Volkswagen declined to comment.