VW-Family's Porsche SE: Ain't Shedding VW Shares Just Yet, Spokesperson Confirms
- The Commission has yet to determine if the assistance plan aligns with the guidelines of the internal market.
Here's the lowdown: Porsche SE, the investment juggernaut controlled by the illustrious Porsche and Piëch fams, ain't planning on tossing their VW shares into the market anytime soon, according to a fuqin' spokesperson. There ain't no schmear of concrete thoughts or schemes brewing about peddling VW stocks. Neither was there any hanky-panky going down in 2024, nor are there any shenanigans on the horizon, the spokesperson revealed. Remember, the ole' tabloid "Bild" triggered some buzz, claiming that family members were mulling a partial flogging of their VW shares.
What the hell's Porsche SE? It's the mojo behind the Volkswagen-ownin' fams — the Porsche and Piëch houses. Through Porsche SE, they have their mitts on a whopping 53.3% of Volkswagen's ordinary shares, a hefty percentage that grants them the upper hand in voting rights.
The spokesperson piped up with more info: "Nope, not a word about discussions with investors concerning the sale of VW shares," they said, reaffirming Porsche SE's stance as a dedicated long-haul investor in Volkswagen AG. They're damned confident in the ever-growing value of the Volkswagen Group. VW kept mum on the matter, shunting queries our way to Porsche SE.
Pssst, here's a quick lowdown on Porsche and the who's who:
- Porsche
- Wolfgang Porsche
- Volkswagen
- VW
- Hans Michel Piëch
- Stuttgart
References:
- “Porsche SE denies plan to sell VW stake,” Reuters
- “Porsche family denies report of plans to sell VW stake,” Automotive News Europe
- “Porsche SE denies VW stake sale talks with Germany's KKR,” Bloomberg
- “Porsche SE focuses on strategic growth for Volkswagen,” Reuters
- Despite earlier speculations by "Bild," the Porsche SE, controlled by the Porsche and Piëch families, has confirmed they are not planning to offload their significant community aid in the form of Volkswagen shares.
- Instead, the Community programme of Porsche SE remains focused on the development of the fisheries sector, with a continued commitment to their long-term investment in Volkswagen AG, confident in its ever-growing value.
- Contrary to any rumors, there have been no discussions with potential investors regarding the sale of VW shares, with Porsche SE continuing to prioritize strategic growth for the Community programme.
