Frankfurt (Reuters) – Porsche, Volkswagen’s largest shareholder, is not considering the sale of voting shares in the largest European car manufacturer, she said on Sunday, after a newspaper report that he was such a move.
The German tabloid Bild, citing people who are familiar with the issue, said that Porsche and Piech families who jointly control Porsche are considering depositing shares in Volkswagen to release capital for other investments.
Bill’s report says possible scenarios include a reduction in the share of Volkswagen regular proportions to 45%-50%, with currently 53.3%. According to Reuters calculations, this would raise 1.07 billion at 2.69 billion euros (1.16 billion up to $ 2.93 billion) at the current price.
“There are no concrete considerations in Porsche at the moment, nor were there at the age of 2024, in order to confiscate VW shares,” the statement said in a statement, adding that any plans for the sale of VW shares will have to be reported in his accounts.
“There was also no conversation with investors in connection with the sale of VW shares. The Porsche is dedicated to his role as a long-term shareholder Sidra Volkswagen AG and is convinced of the Volkswagen Value Increasing Group.”
Volkswagen refused to comment.
The Porsche is owned by 31.9% of Volkswagen capital and 53.3% of voting rights, and holds a minority blocking in untreated voting stakes in Porsche AG, a luxury sports cash producer, which was listed in 2022.
Volkswagen and Porsche form the so-called basic investments of Porsche SE, and the Holding company said last year that in the long run it would not exclude “possible redistribution” between the two, as well as its minor investments in the portfolio.
Porsche has been discovered significant damage to its two biggest stakes earlier this month, 19.9 billion euros on Volkswagen and 3.4 billion euros on Porsche Ag.
($ 1 = 0.9192 euros)
(Reporting Christopha Steitz; Helen Popper Mounting)
