Porsche SE Has No Intention Of Selling Its Volkswagen Stock

Porsche SE, Volkswagen’s (VW) majority shareholder, said on Sunday that it has no plans to sell its VW shares. In response to a question, a Porsche spokesperson said there are currently no concrete plans to sell VW shares, nor have there been any in 2024.

Bild newspaper previously reported that family affiliates around Wolfgang Porsche and Hans Michel Piëch were considering a partial sale of their VW shares.

Porsche SE is the investment company of the Porsche and Piëch families. It holds 53.3% of Volkswagen’s ordinary shares, giving it the majority of voting rights.

“There have been no discussions with investors regarding the sale of VW shares,” the spokesman said.

Porsche is committed to its role as a long-term, major shareholder of Volkswagen and is confident in the value-creating potential of the Volkswagen Group, the spokesman added. VW declined to comment when asked about Porsche.

Porsche will not cut dividend 

Luxury brands were not spared by the decline in profits either. Porsche had a 30 percent lower profit (3.6 billion), but it is welcome that the company will not reduce dividends this year despite different expectations from experts.

Namely, when shares of car manufacturers fell last year, many looked towards dividend yields, which for German manufacturers (along with falling share prices) rose above ten percent, but of course, it should be taken into account that high dividends are at risk in conditions of a significant decline in profits.

Not at Porsche, but Volkswagen announced that the dividend for regular shares will be 6.30 euros (6.36 for preferred shares), which is 30 percent less than last year.

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