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Is Porsche going public?
The Porsche and Piëch families want the majority of the sports car manufacturer back
Photo: JAVIER ROJAS / imago images / ZUMA Wire
The shares from the Volkswagen Group
jumped significantly
on Tuesday afternoon due to a report on the advancing IPO of the sports car
subsidiary
Porsche
. The owner families behind the holding company, Porsche and Piëch, wanted to buy a significant package of shares in Porsche if the VW sports car subsidiary Porsche AG were to go public, the "Handelsblatt" reported on Tuesday with reference to corporate groups. To finance that, they looked into selling parts of their VW stake.
The VW preference shares listed in the Dax strengthened their recent recovery with a price jump of up to 8.6 percent. The papers of the group holding Porsche SE, which have recently also been listed in the Dax, rose by 8.5 percent. Both stocks are still well below their highs this year.
The Porsche and Piëch families have bundled their majority voting rights in the VW Group in the umbrella holding company Porsche SE - not to be confused with the sports car manufacturer itself, Porsche AG. Porsche SE holds 53.3 percent of the ordinary shares in VW. According to the newspaper, it is even conceivable that the families could hand over the majority to VW - in that case, however, they should remain the largest shareholder before the state of Lower Saxony (20 percent). As manager magazin learned from corporate circles, the families do not want to give up the majority of the VW shares under any circumstances.
Manager magazin had already reported in the spring that Porsche AG should be listed on the stock exchange.
The family
heads Wolfgang Porsche
(78) and
Hans Michel Piëch
(79) want the majority of the Volkswagen sports car manufacturer back, as they currently have little influence on the company.
In the course of the takeover battle between Porsche and Volkswagen at the time of the 2008/2009 financial crisis, they had to surrender the majority to VW, but in return received a majority in the Wolfsburg-based group.
A spokesman for the families described the information in the "Handelsblatt" as "pure speculation".
The VW group could not be reached for a comment at first.
According to information from manager magazin, a decision has still not been made.
mg / dpa-afx
