Porsche SE has denied a report in Handelsblatt newspaper that it had received interest from five potential buyers for the options it holds on Volkswagen AG shares.
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The five do not include the Gulf state of Qatar, the only investor the sportscar maker has so far confirmed it is talking to. Porsche currently owns 51% of VW but has amassed a EUR9 bn ($12.5 BN) debt in accumulating these and has now abandoned its takeover plan in favour of a merger of the two companies.
Porsche said it had not spoken to any other parties and remained in exclusive negotiations with Qatar over a potential sale of a stake in Porsche SE as well as the disposal of the VW options.
