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Volkswagen board hasn't discussed asset sales: Porsche SE Chairman in Spiegel

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Volkswagen's supervisory board has not discussed the sale of parts of the carmaker's business so far, board member Wolfgang told German magazine Der Spiegel, adding he saw no need to do so at the moment.

"I do not see any necessity to divest parts of the group," the magazine quoted as saying in an article released on Tuesday.

Chief Executive Matthias Mueller last week was quoted by The Wall Street Journal as saying he was actively working on deals to sell non-core assets that could account for as much as 20 percent of its annual revenues.

"That is not the focus right now," Wolfgang said. "And the issue has not been discussed by the supervisory board."

is also Chairman of Automobil Holding SE, which owns 52.2 percent of voting shares in

(Reporting by Maria Sheahan; Editing by Georgina Prodhan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 12 2017. 18:52 IST