Porsche, Piech Clans Mull Partial Sale of VW Shares, Bild Says
The billionaire Porsche and Piech family is exploring options to potentially reduce its voting stake in Volkswagen AG, according to a report by German tabloid Bild Zeitung.
The family's main investment vehicle Porsche Automobil Holding SE is discussing lowering its voting stake to 50% or 45%, from currently just over 53%, according to the report, which cites unidentified people familiar with the discussions. There's no agreement within the Porsche and Piech family on a share sale so far and the decision would need 'consensus' within the billionaire clan, the newspaper said.
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