Reported 2 months ago
Porsche SE, Volkswagen's controlling shareholder, is positioned to explore further investments to diversify its portfolio, according to finance chief Johannes Lattwein. He highlighted favorable market conditions and a decline in company valuations as attractive opportunities for investment. The company recently took a 35% stake in Flix SE and is targeting a pre-tax net result of 3.5-5.5 billion euros for the year, despite a slight drop in its net result after tax during the first half of the year.
Source: YAHOO