**Porsche SE Confirms No Plans to Sell Volkswagen Shares**
Porsche SE, the largest shareholder of Volkswagen, has stated that it is not considering selling its voting shares in the automotive giant. This announcement comes in response to a report from the German tabloid Bild, which suggested that the Porsche and Piech families were contemplating divesting shares in Volkswagen to generate capital for other investments. Currently, Porsche SE holds a 53.3% stake in Volkswagen’s voting rights and 31.9% of its equity.
### No Plans for Divestment
– **Who:** Porsche SE, Volkswagen’s largest shareholder.
– **What:** No plans to sell voting shares in Volkswagen.
– **When:** Statement made on March 16, 2024.
– **Where:** Frankfurt, Germany.
– **Why:** To clarify rumors about potential share divestment.
Porsche SE emphasized that there are no concrete plans or discussions regarding the sale of Volkswagen shares. The holding firm reiterated its commitment to being a long-term anchor shareholder of Volkswagen AG, expressing confidence in the company’s potential for value growth.
### Financial Implications
– According to Bild, potential scenarios for divestment could involve reducing the stake in Volkswagen’s ordinary shares to between 45% and 50%.
– This reduction could yield between €1.07 billion and €2.69 billion ($1.16 billion to $2.93 billion) based on current market prices.
Porsche SE also disclosed significant impairments on its major holdings earlier this month, reporting €19.9 billion on Volkswagen and €3.4 billion on Porsche AG.
### Conclusion
With Porsche SE firmly committed to its investment in Volkswagen, the question remains: How will this commitment shape the future of both companies in the evolving automotive landscape?
**FAQ:**
**Q: Is Porsche SE planning to sell its shares in Volkswagen?**
**A:** No, Porsche SE has confirmed that it has no plans to sell its voting shares in Volkswagen and remains committed as a long-term shareholder.
