Porsche is aiming to raise its stake in Volkswagen to 51% – it is currently at 31% – according to a report in German business magazine Der Spiegel.
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Citing unidentified stock market sources, Der Spiegel said Porsche was buying options entitling it to increase its VW stake by exercising them.
“Traders expect that Porsche will exceed the 50% limit at the start of next year,” Der Spiegel said.
Reuters reported that a Porsche spokesman said on Saturday that the company’s board had made no decision about raising the stake above the current 31%.
The Porsche spokesman referred to an earlier announcement by the company’s Chief Financial Officer, Holger Haerter, that Porsche has acquired some options in order to be able to raise its VW stake further if needed.
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By GlobalDataVW’s share price has risen strongly fuelled partly by market speculation that Porsche might consolidate its control by buying the state of Lower Saxony’s 20% VW stake.
