Porsche SE confirms no plans to sell Volkswagen shares

Porsche SE, the largest shareholder of Volkswagen, announced it is not planning to sell any of its voting shares in the carmaker. This follows a report suggesting the company might reduce its stake to raise capital. The German tabloid Bild had claimed that the Porsche and Piech families were considering divesting shares to invest elsewhere. Porsche SE clarified that there are no current plans or discussions regarding the sale of Volkswagen shares. Porsche SE holds 31.9% of Volkswagen's equity and 53.3% of its voting rights. The firm emphasized its commitment to being a long-term shareholder in Volkswagen.