Porsche is selling a Bavarian castle bought for EUR6m (US$8m) in 2006.
“We are parting company with this estate,” a spokesman told Frankfurter Allgemeine Sonntagszeitung (FAS), after the paper said Porsche was selling Schloss Bullachberg, near the famous Neuschwanstein Castle in Bavaria.
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AFP noted Porsche had purchased the castle under previous chief Wendelin Wiedeking, hoping to transform the 180,000 sq m building into a luxury hotel. But the required renovation work never got going, the FAS said.
