The families of Wolfgang Porsche and Hans Michel Piëch are reportedly evaluating the possibility of selling part of their Volkswagen (VW) shares, according to a report by Bild. The families have been discussing this option privately for months, citing informed sources. Currently, the Porsche SE holding company, controlled by the families, owns more than 53% of VW’s common shares, giving them significant control over the automotive giant.
Exploring Different Scenarios
Experts and advisors have been analyzing various scenarios for the sale, with projections suggesting a reduction in their stake to either 50% or 45%. The primary goal, according to external analysts, is to release capital while maintaining control over the company. “Even with a reduced stake, we would still control VW,” one family member was quoted as saying. This approach is considered by some as a “mini-exit” that would allow the Porsche and Piëch families to benefit financially while retaining their leadership position at Volkswagen.
Internal Disagreement Within the Family
Despite discussions among family members, a final decision has yet to be reached. There are differing opinions within the family regarding the sale. While Wolfgang Porsche and Hans Michel Piëch support the partial divestment, younger generations within the family are reportedly skeptical. The dispute highlights the complexity of family-owned businesses, where generational perspectives can sometimes clash over strategic decisions.
Porsche SE Responds Cautiously
A spokesperson for Porsche SE, the holding company, declined to provide specific details on the discussions, stating that there are no “concrete plans” for the sale at this time. The spokesperson added, “Naturally, we regularly review the composition of our investment portfolio.” While this indicates a flexible approach to managing their investments, it suggests that any decisions are still in the early stages.
Volkswagen’s Silence
Volkswagen, the parent company, has not commented on the potential reduction of shares by the Porsche and Piëch families. As of now, VW’s leadership has remained silent on the matter, likely to avoid speculation that could affect the company’s stock price or reputation.
Porsche SE’s Long-Term Strategy
Despite the family’s internal deliberations, Porsche SE has reassured the public that its long-term strategy remains unchanged. A company spokesperson emphasized that Porsche SE intends to remain a “long-term anchor shareholder” in Volkswagen. This suggests that, even if the families decide to sell a portion of their shares, their strategic interest in VW’s future would remain intact.
The potential sale of part of the Porsche and Piëch families’ stake in VW has sparked considerable attention, given the families’ substantial control over the company. While internal disagreements persist, external advisors and analysts believe that a reduction in ownership could allow the families to unlock financial value without losing control. However, as of now, the families have not reached a definitive decision, and further developments are expected. The situation will be closely monitored by investors and industry observers, especially given the strategic importance of Volkswagen in the global automotive market.
