Reported 1 day ago
The Porsche and Piech families are contemplating a partial sale of their voting shares in Volkswagen AG, potentially reducing their stake from over 53% to 50% or 45%. While discussions are ongoing, there is currently no consensus on any share sale, and the company maintains that there are no concrete plans for selling VW shares. Furthermore, Porsche SE is facing significant financial losses due to declines in its investment portfolio, including a substantial impairment related to its VW investment.
Source: YAHOO