The holding company Porsche SE, owned by the Porsche and Piëch families, has officially denied information about the 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 are not true.
This news sparked interest among investors, but the Volkswagen (VOWG) quotes at the time of publication showed an increase of 2.19%.