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Porsche SE Is Planning New Investments
Porsche SE is in a financial position to consider further investments to diversify its portfolio, the holding group’s finance chief said alongside first-half results on Tuesday.
“Our financial resources give us considerable flexibility for potential investments in further core and portfolio investments,” said Johannes Lattwein, Porsche SE’s board member for finance and IT, in a statement.
“In doing so, we follow an active approach to portfolio development. The current stock market environment and the resulting overall decline in enterprise value create attractive opportunities,” added Lattwein.
The group, which controls German carmaker Volkswagen, said it is part of a group of investors taking a 35% stake in Flix SE, owner of Greyhound services in North America and FlixBus in Europe.
