Porsche SE says it raised voting rights share in VW

FILE Photograph: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks via the Volkswagen Group’s at the time-a-12 months prevalent convention in Berlin, Germany, May well quite possibly a few, 2018. REUTERS/Axel Schmidt

Stuttgart (Reuters) – Porsche SE, the retaining business managing Germany’s Volkswagen, on Tuesday discussed it lifted its voting lawful rights share in the carmaker to fifty a few.one particular % from 52.two %.

“We retain on to take into consideration that Volkswagen group has a considerable likely to boost its cost and that its new resources marketplace put valuation does not mirror this,” Porsche SE’s CEO Hans Dieter Poetsch, who is also the chairman of VW’s supervisory board, discussed.

He included that Porsche SE would boost its dividend by 26 %, to two.21 euros ($two.fifty one particular) for every share and that the business envisioned a web cash flow of a few.four to four.four billion euros in 2019.

Reporting by Ilona Wissenbach Crafting by Tassilo Hummel Enhancing by Riham Alkousaa

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