You are here: Home » Reuters » News
Business Standard

Volkswagen ex-Chairman Piech eyes exit from Porsche SE - Spiegel

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Former Chairman Ferdinand is looking to sell worth around 1 billion euros ($1.08 billion) in SE, which controls Europe's largest carmaker, German weekly Der Spiegel reported on Friday.

The and families, which control a majority of VW common stock through family-owned holding company SE and which have a right of first refusal for Piech's 14.7 percent stake, are interested in keeping the in the family, the magazine said, without saying where it got the information.

SE was not immediately available for comment.

($1 = 0.9301 euros)

(Reporting by Maria Sheahan; Additional reporting by Andreas Cremer)

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

RECOMMENDED FOR YOU

Volkswagen ex-Chairman Piech eyes exit from Porsche SE - Spiegel

FRANKFURT (Reuters) - Former Volkswagen Chairman Ferdinand Piech is looking to sell shares worth around 1 billion euros ($1.08 billion) in Porsche SE, which controls Europe's largest carmaker, German weekly Der Spiegel reported on Friday.

FRANKFURT (Reuters) - Former Chairman Ferdinand is looking to sell worth around 1 billion euros ($1.08 billion) in SE, which controls Europe's largest carmaker, German weekly Der Spiegel reported on Friday.

The and families, which control a majority of VW common stock through family-owned holding company SE and which have a right of first refusal for Piech's 14.7 percent stake, are interested in keeping the in the family, the magazine said, without saying where it got the information.

SE was not immediately available for comment.

($1 = 0.9301 euros)

(Reporting by Maria Sheahan; Additional reporting by Andreas Cremer)

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

image
Business Standard
177 22

Volkswagen ex-Chairman Piech eyes exit from Porsche SE - Spiegel

FRANKFURT (Reuters) - Former Chairman Ferdinand is looking to sell worth around 1 billion euros ($1.08 billion) in SE, which controls Europe's largest carmaker, German weekly Der Spiegel reported on Friday.

The and families, which control a majority of VW common stock through family-owned holding company SE and which have a right of first refusal for Piech's 14.7 percent stake, are interested in keeping the in the family, the magazine said, without saying where it got the information.

SE was not immediately available for comment.

($1 = 0.9301 euros)

(Reporting by Maria Sheahan; Additional reporting by Andreas Cremer)

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

image
Business Standard
177 22