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POAHY Porsche Automobile Holding SE (PK)

4.70
0.01 (0.21%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Porsche Automobile Holding SE (PK) USOTC:POAHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.01 0.21% 4.70 4.65 4.75 4.71 4.67 4.69 418,270 21:20:00

Lower Saxony: No Plan To Reduce Volkswagen Stake

02/08/2010 11:17am

Dow Jones News


Porsche Automobile (PK) (USOTC:POAHY)
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The German state of Lower Saxony Monday denied a German media report alleging it was about to reduce its stake in Volkswagen AG (VOW.XE) as part of its current budget negotiations.

"The state won't lower its stake below today's 20.01%," a spokesman for Lower Saxony said, adding that the state lives up to its responsibility for Volkswagen.

Volkswagen is headquartered in Lower Saxony. The state holds wide-ranging veto rights at Europe's largest auto maker by sales.

-By Christoph Rauwald and Katharina Becker, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com

 
 

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