The holding company Porsche SE, owned by the Porsche and Piëch families, has officially denied information about a possible sale of part of its stake in Volkswagen (ETR: VOWG).
Earlier, the German publication Bild reported that the Porsche and Piëch families were allegedly considering reducing their shareholding in Volkswagen from 53% to 50% or 45%. However, a representative of Porsche SE stated that the company does not plan to sell its shares in 2024 and such rumors do not correspond to reality.
This news sparked investor interest, but Volkswagen (VOWG) quotes showed a rise of 2.19% at the time of publication.